Iowa Proposed Amendments to the Articles of Incorporation to increase shares with exhibit
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FAQ
To make amendments to your Iowa articles of incorporation, submit amendments to the Iowa Secretary of State, Business Services (SOS). The document can be filed by mail, fax, or in person.
490.1106 Articles of merger or share exchange.
A person who is the owner of twenty percent or more of the outstanding voting stock of any corporation, partnership, unincorporated association, or other entity is presumed to have control of such entity, in the absence of proof by a preponderance of the evidence to the contrary.
A shareholder can be added generally in two ways: the sale of shares already issued, or the issue of new shares. In the case of a sale, a shareholder disposes of part of his or her shares in return for a purchase price determined by the parties to the contract.