{"data":{"id":"us-ia/iowa-code-504.1705","jurisdiction":"us-ia","citation":"Iowa Code § 504.1705","heading":"Public benefit, mutual benefit, and religious corporations.","body":"For the purposes of this chapter, each domestic corporation shall be deemed a public benefit, mutual benefit, or religious corporation as follows:\n1. A corporation designated by statute as a public benefit corporation, a mutual benefit corporation, or a religious corporation is deemed to be the type of corporation designated by that statute.\n2. A corporation that does not come within subsection 1 but is organized primarily or exclusively for religious purposes is a religious corporation.\n3. A corporation that does not come within subsection 1 or 2 but which is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation.\n4. A corporation that does not come within subsection 1, 2, or 3, but which is organized for a public or charitable purpose and which upon dissolution must distribute its assets to a public benefit corporation, the United States, a state, or a person recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation.\n5. A corporation that does not come within subsection 1, 2, 3, or 4 is a mutual benefit corporation.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 504 - REVISED IOWA NONPROFIT CORPORATION ACT","Subchapter XVII - TRANSITION PROVISIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/504.1705.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"5f9b8549eaacfed295642681196108d9349835426d9ad783099842db43728d79","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-504.1704","next":"us-ia/iowa-code-504b.1"},"notice":"GroundRules: Original legal text. Not legal advice."}