Iowa Code § 504.637: Payment of expenses.
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
On termination of a derivative proceeding, the court may do either of the following:
1. Order the corporation to pay the plaintiff’s reasonable expenses, including attorney fees incurred in the proceeding, if it finds that the proceeding has resulted in a substantial benefit to the corporation.
2. Order the plaintiff to pay any defendant’s reasonable expenses, including attorney fees incurred in defending the proceeding, if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose.
Collected 2026-09-14T19:40:12Z. Source file · JSON