GroundRules
Iowa Code § 504.612: Transfers.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 504 - REVISED IOWA NONPROFIT CORPORATION ACT
- Subchapter VI - MEMBERS AND MEMBERSHIPS
- Part 2 - TYPES OF MEMBERSHIPS — MEMBERS’ RIGHTS AND OBLIGATIONS
1. Except as set forth in or authorized by the articles or bylaws, a member of a mutual benefit corporation shall not transfer a membership or any right arising therefrom.
2. A member of a public benefit or religious corporation shall not transfer a membership or any right arising therefrom.
3. Where transfer rights have been provided, a restriction on them shall not be binding with respect to a member holding a membership issued prior to the adoption of the restriction unless the restriction is approved by the members and the affected member.
Collected 2026-09-14T19:40:12Z. Source file · JSON