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2019 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 501B - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT
Section 501B.18 - Duties of member.
Universal Citation: IA Code § 501B.18 (2019)
501B.18 Duties of member.
1. A member does not have a fiduciary duty to an unincorporated nonprofit association or to another member solely by being a member.
2. A member shall discharge the duties to the unincorporated nonprofit association and the other members and exercise any rights under this chapter consistent with the governing principles and the obligation of good faith and fair dealing.
2010 Acts, ch 1112, §18, 33
Referred to in §501B.27
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