TRANSITION PROVISIONS

Iowa Code tit. XII, ch. 504, subch. XVII

in effect

Iowa Code § 504.1701 Application to existing domestic corporations.

504.1701. Application to existing domestic corporations. 1. A domestic corporation that is incorporated under chapter 504A, Code 2005, is subject to this chapter beginning on July 1, 2005. 2. A corporation formed on or after January 1, 2005, is subject to the provisions of this chapter. 2004 Acts, ch 1049, §176, 192; 2005 Acts, ch 3, §80 – 82; 2022 Acts, ch 1021, §148

Iowa Code § 504.1702 Application to qualified foreign corporations.

504.1702. Application to qualified foreign corporations. A foreign corporation authorized to transact business in this state prior to January 1, 2005, is subject to this chapter beginning on July 1, 2005, but is not required to obtain a new certificate of authority to transact business under this chapter. 2004 Acts, ch 1049, §177, 192

Iowa Code § 504.1703 Savings provisions.

504.1703. Savings provisions. 1. Except as provided in subsection 2, the repeal of a statute by 2004 Iowa Acts, ch. 1049, does not affect any of the following: a. The operation of the statute or any action taken under it before its repeal. b. Any ratification, right, remedy, privilege, obligation, or liability acquired, accrued, or incurred under the statute before its repeal. c. Any violation of the statute or any penalty, forfeiture, or punishment incurred because of the violation, before its repeal. d. Any proceeding, reorganization, or dissolution commenced under the statute before its repeal, and the proceeding, reorganization, or dissolution may be completed in accordance with the statute as if it had not been repealed. 2. If a penalty or punishment imposed for violation of a statute repealed by 2004 Iowa Acts, ch. 1049, is reduced by this chapter, the penalty or punishment, if not already imposed, shall be imposed in accordance with this chapter. 2004 Acts, ch 1049, §178, 192; 2014 Acts, ch 1026, §143; 2022 Acts, ch 1032, §85

Iowa Code § 504.1704 Severability.

504.1704. Severability. If any provision of this chapter or its application to any person or circumstance is held invalid by a court of competent jurisdiction, the invalidity does not affect other provisions or applications of the chapter that can be given effect without the invalid provision or application, and to this end the provisions of the chapter are severable. 2004 Acts, ch 1049, §179, 192

Iowa Code § 504.1705 Public benefit, mutual benefit, and religious corporations.

504.1705. Public benefit, mutual benefit, and religious corporations. For the purposes of this chapter, each domestic corporation shall be deemed a public benefit, mutual benefit, or religious corporation as follows: 1. A corporation designated by statute as a public benefit corporation, a mutual benefit corporation, or a religious corporation is deemed to be the type of corporation designated by that statute. 2. A corporation that does not come within subsection 1 but is organized primarily or exclusively for religious purposes is a religious corporation. 3. A corporation that does not come within subsection 1 or 2 but which is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation. 4. A corporation that does not come within subsection 1, 2, or 3, but which is organized for a public or charitable purpose and which upon dissolution must distribute its assets to a public benefit corporation, the United States, a state, or a person recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation. 5. A corporation that does not come within subsection 1, 2, 3, or 4 is a mutual benefit corporation. 2004 Acts, ch 1049, §180, 192

Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/law/iowaCode/sections?codeChapter=504&year=2026Fetched: 10/20/2026