GroundRules
Iowa Code § 504.632: Standing.
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 4 - DERIVATIVE PROCEEDINGS
A derivative proceeding may be brought by any of the following persons:
1. A member or members of the corporation representing five percent or more of the voting power of the corporation or by fifty members, whichever is less.
2. A director of the corporation.
Collected 2026-09-14T19:40:12Z. Source file · JSON