{"data":{"id":"us-ia/iowa-code-501b.26","jurisdiction":"us-ia","citation":"Iowa Code § 501B.26","heading":"Distributions prohibited — compensation and other permitted payments.","body":"1. Except as otherwise provided in subsection 2, an unincorporated nonprofit association may not pay dividends or make distributions to a member or manager.\n2. An unincorporated nonprofit association may do any of the following:\na. Pay reasonable compensation or reimburse reasonable expenses to a member or manager for services rendered.\nb. Confer benefits on a member or manager in conformity with its nonprofit purposes.\nc. Repurchase a membership and repay a capital contribution made by a member to the extent authorized by its governing principles.\nd. Make distributions of property to members upon winding up and termination to the extent permitted by section 501B.29.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 501B - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/501B.26.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"5a563e87b0954d0ac2a1d1c4c1ba6d3a746db6fbf6c136cfa027e9f2bf09ee96","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-501b.25","next":"us-ia/iowa-code-501b.27"},"notice":"GroundRules: Original legal text. Not legal advice."}