2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1605 - INSPECTION OF RECORDS BY DIRECTORS.

        490.1605  INSPECTION OF RECORDS BY DIRECTORS.
         1.  A director of a corporation is entitled to inspect and copy
      the books, records, and documents of the corporation at any
      reasonable time to the extent reasonably related to the performance
      of the director's duties as a director, including duties as a member
      of a committee, but not for any other purpose or in any manner that
      would violate any duty to the corporation.
         2.  The district court of the county where the corporation's
      principal office, or if none in this state, its registered office, is
      located may order inspection and copying of the books, records, and
      documents at the corporation's expense, upon application of a
      director who has been refused such inspection rights, unless the
      corporation establishes that the director is not entitled to such
      inspection rights.  The court shall dispose of an application under
      this subsection on an expedited basis.
         3.  If an order is issued, the court may include provisions
      protecting the corporation from undue burden or expense, and
      prohibiting the director from using information obtained upon
      exercise of the inspection rights in a manner that would violate a
      duty to the corporation, and may also order the corporation to
      reimburse the director for the director's costs, including reasonable
      counsel fees, incurred in connection with the application.  

         2002 Acts, ch 1154, §100, 125