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2019 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 501B - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT
Section 501B.20 - Member’s resignation.
Universal Citation: IA Code § 501B.20 (2019)
501B.20 Member’s resignation.
1. A member may resign as a member in accordance with the governing principles. In the absence of applicable governing principles, a member may resign at any time.
2. Unless the governing principles provide otherwise, resignation of a member does not relieve the member from any unpaid capital contribution, dues, assessments, fees, or other obligation incurred or commitment made by the member before resignation.
2010 Acts, ch 1112, §20, 33
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