Iowa Code (Last Updated: December 05, 2016) |
Title XII. BUSINESS ENTITIES |
Chapter 504. REVISED IOWA NONPROFIT CORPORATION ACT |
Section 504.614. Member’s liability for dues, assessments, and fees.
Latest version.
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A member may become liable to the corporation for dues, assessments, or fees. However, an article or bylaw provision or a resolution adopted by the board authorizing or imposing dues, assessments, or fees does not, of itself, create liability.