515.44 Dividends. The directors or managers of a stock company, incorporated under the laws of this state shall make no dividends except from the earned profits arising from their business, whichshall not include contributed capital or contributed surplus. [C73, §1136; C97, §1702; C24, 27, 31, 35, 39, §8936; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.44] Referred to in §515.46 Sat Dec 23 00:46:50 2023 Iowa Code 2024, Section 515.44 (20, 0)
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