There is a newer version
of
this Section
2019 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 501B - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT
Section 501B.5 - Legal entity — perpetual existence — powers.
Universal Citation: IA Code § 501B.5 (2019)
501B.5 Legal entity — perpetual existence — powers.
1. An unincorporated nonprofit association is a legal entity distinct from its members and managers.
2. An unincorporated nonprofit association has perpetual duration unless the governing principles specify otherwise.
3. An unincorporated nonprofit association has the same powers as an individual to do all things necessary or convenient to carry on its purposes.
4. An unincorporated nonprofit association may engage in profit-making activities but profits from any activities must be used or set aside for the association’s nonprofit purposes.
2010 Acts, ch 1112, §5, 33
Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
