Ifa foreign personal representative assigns or transfers any corporate stock or obligations inthis state standing inthe name of a decedent or in trust for a decedent liable to tax, the tax shall be paid tothe departmentof revenue on or before the transfer; otherwise thecorporation permitting its stock to be transferred is liable to pay the tax, interest, and costs, and the director of revenue shall enforce the payment of the tax, interest, and costs. [S13, §1481-a37; C24, 27, 31, 35, 39, §7390; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §450.87]
‹ Prev All Iowa sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.