{"data":{"id":"us-ia/iowa-code-504.632","jurisdiction":"us-ia","citation":"Iowa Code § 504.632","heading":"Standing.","body":"A derivative proceeding may be brought by any of the following persons:\n1. 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.\n2. A director of the corporation.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 504 - REVISED IOWA NONPROFIT CORPORATION ACT","Subchapter VI - MEMBERS AND MEMBERSHIPS","Part 4 - DERIVATIVE PROCEEDINGS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/504.632.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"a01476612afe82434d8ed016b3c386b1340483e09ff69730ad5049cb0f2d551b","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-504.631","next":"us-ia/iowa-code-504.633"},"notice":"GroundRules: Original legal text. Not legal advice."}