515.10 Subscriptions of stock — applications. After compliance by the incorporators with sections 515.1 and 515.2, the secretary of state shall certify the articles of incorporation to the commissioner of insurance. When thecommissioner of insurance is satisfied that all provisions of law in relation to the promotionand organization of the corporation, including sections 506.4 through 506.6, have beencomplied with, the commissioner shall issue a certificate to that effect. The corporation maythen open books for subscriptions to the stock of stock companies or, if a mutual company,take applications and receive premiums for insurance at such times and places as it mayfind convenient. The corporation may keep such books open until the full amount requiredis subscribed or taken, or the time granted therefor has expired, or until an order is issuedby the commissioner of insurance to desist for failure to comply with the provisions of lawin reference thereto. [C73, §1125; C97, §1694; C24, 27, 31, 35, 39, §8917; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.25] 2007 Acts, ch 152, §2CS2007, §515.102020 Acts, ch 1063, §286Referred to in §511.23 Sat Dec 23 00:46:30 2023 Iowa Code 27, 31, 35, 39, §8917; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.25] 2007 Acts, ch 152, §2CS2007, §515.102020 Acts, ch 1063, §286Referred to in §511.23 Sat Dec 23 00:46:30 2023 Iowa Code 2024, Section 515.10 (21, 0)
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