No holder of stock as collateral security shall be liable for assessments on the same. [C97, §1626; C24, 27, 31, 35, 39, § 8390; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §491.54 ]
Liability of collateral holder.
Iowa Code § 491.54, under CORPORATIONS FOR PECUNIARY PROFIT.
Iowa Code § 491.54