Iowa Code
Chapter 501A - COOPERATIVE ASSOCIATIONS ACT
Section 501A.802 - Member liability.

501A.802 Member liability.
A member is not, merely on the account of that status, personally liable for the acts, debts, liabilities, or obligations of a cooperative. A member is liable for any unpaid subscription for the membership interest, unpaid membership fees, or a debt for which the member has separately contracted with the cooperative.
2005 Acts, ch 135, §52
See also §501A.714

Structure Iowa Code

Iowa Code

Title XII - BUSINESS ENTITIES

Chapter 501A - COOPERATIVE ASSOCIATIONS ACT

Section 501A.101 - Short title.

Section 501A.102 - Definitions.

Section 501A.103 - Requirements for signatures on documents.

Section 501A.201 - General filing requirements.

Section 501A.201A - Secretary of state — extra services — surcharge.

Section 501A.202 - Filing duty of secretary of state.

Section 501A.203 - Effective time and date of documents.

Section 501A.204 - Correcting filed documents.

Section 501A.205 - Fees.

Section 501A.206 - Forms.

Section 501A.207 - Appeal from secretary of state’s refusal to file document.

Section 501A.208 - Evidentiary effect of copy of filed document.

Section 501A.209 - Certificate of existence.

Section 501A.210 - Penalty for signing false document.

Section 501A.211 - Secretary of state — powers.

Section 501A.221 - Certificate of authority.

Section 501A.222 - Cancellation of certificate of authority.

Section 501A.231 - Biennial report for secretary of state.

Section 501A.301 - Name.

Section 501A.302 - Reserved name.

Section 501A.401 - Registered office and registered agent.

Section 501A.402 - Change of registered office or registered agent.

Section 501A.403 - Resignation of registered agent — discontinuance of registered office — statement.

Section 501A.404 - Service on domestic cooperatives.

Section 501A.405 - Service on foreign cooperative.

Section 501A.501 - Organizational purpose.

Section 501A.502 - Organizers.

Section 501A.503 - Articles of organization.

Section 501A.504 - Amendment of articles.

Section 501A.505 - Existence.

Section 501A.506 - Bylaws.

Section 501A.507 - Cooperative records.

Section 501A.601 - Powers.

Section 501A.602 - Emergency powers.

Section 501A.603 - Agricultural commodities and products — marketing contracts.

Section 501A.701 - Board governs cooperative.

Section 501A.702 - Number of directors.

Section 501A.703 - Election of directors.

Section 501A.704 - Filling vacancies.

Section 501A.705 - Removal of directors.

Section 501A.706 - Board of directors’ meetings.

Section 501A.707 - Quorum.

Section 501A.708 - Action of board of directors.

Section 501A.709 - Action without a meeting.

Section 501A.710 - Audit committee.

Section 501A.711 - Committees.

Section 501A.712 - Standard of conduct.

Section 501A.713 - Director conflicts of interest.

Section 501A.714 - Limitation of liability of directors, officers, employees, members, and volunteers.

Section 501A.715 - Indemnification.

Section 501A.716 - Officers.

Section 501A.801 - Members.

Section 501A.802 - Member liability.

Section 501A.803 - Regular members’ meetings.

Section 501A.804 - Special members’ meetings.

Section 501A.805 - Certification of meeting notice.

Section 501A.806 - Quorum.

Section 501A.807 - Remote communications for members’ meetings.

Section 501A.808 - Action of members.

Section 501A.809 - Action without a meeting.

Section 501A.810 - Member voting rights.

Section 501A.811 - Patron member voting based on patronage.

Section 501A.812 - Voting rights.

Section 501A.813 - Voting by organizations and legal representatives.

Section 501A.814 - Proxies.

Section 501A.815 - Sale of property and assets.

Section 501A.816 - Vote of ownership interests held by cooperative.

Section 501A.901 - Membership interests.

Section 501A.902 - Assignment of financial rights.

Section 501A.903 - Nature of a membership interest and statement of interest owned.

Section 501A.904 - Certificated and uncertificated membership interests.

Section 501A.905 - Lost certificates — replacement.

Section 501A.906 - Restriction on transfer or registration of membership interests.

Section 501A.1001 - Authorization, form, and acceptance of contributions.

Section 501A.1002 - Restatement of value of previous contributions.

Section 501A.1003 - Contribution agreements.

Section 501A.1004 - Contribution rights agreements.

Section 501A.1005 - Allocations and distributions — profits, losses, cash, or other assets.

Section 501A.1006 - Allocations and distributions — net income.

Section 501A.1007 - Member control agreements.

Section 501A.1008 - Reversion of disbursements.

Section 501A.1101 - Merger and consolidation.

Section 501A.1102 - Merger of subsidiary.

Section 501A.1103 - Abandonment.

Section 501A.1104 - Conversion — amendment of organizational documents to be governed by this chapter.

Section 501A.1201 - Methods of dissolution.

Section 501A.1202 - Winding up.

Section 501A.1203 - Revocation of dissolution proceedings.

Section 501A.1204 - Statute of limitations.

Section 501A.1205 - Articles of dissolution.

Section 501A.1206 - Application for court-supervised voluntary dissolution.

Section 501A.1207 - Court-ordered remedies for dissolution.

Section 501A.1208 - Procedure in involuntary or court-supervised voluntary dissolution.

Section 501A.1209 - Receiver qualifications and powers.

Section 501A.1210 - Dissolution action by attorney general — administrative dissolution.

Section 501A.1211 - Filing claims in court-supervised dissolution proceedings.

Section 501A.1212 - Discontinuance of court-supervised dissolution proceedings.

Section 501A.1213 - Court-supervised dissolution order.

Section 501A.1214 - Filing court’s dissolution order.

Section 501A.1215 - Barring of claims.

Section 501A.1216 - Right to sue or defend after dissolution.