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2018 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 504 - REVISED IOWA NONPROFIT CORPORATION ACT
Section 504.632 - Standing.
Universal Citation: IA Code § 504.632 (2018)
504.632
Standing.
A derivative proceeding may be brought by any of the following persons:
1. 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.
2. A director of the corporation.
2004 Acts, ch 1049, ยง47, 192
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