636.22 Estoppel — stockholders liable. Any company which shall execute any bond as surety under the provisions of this chapter shall be estopped, in any proceeding to enforce the liability which it shall have assumed toincur, to deny its corporate power to execute such instrument or assume such liability; andthe private property of the stockholders shall be liable for the debts of the corporation to thefull amount of the capital stock held by such stockholders. [C97, §363; C24, 27, 31, 35, 39, §12771; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §682.22]C93, §636.22 Sat Dec 23 12:18:42 2023 Iowa Code 2024, Section 636.22 (20, 0)
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