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
Structure Iowa Code
Chapter 501B - REVISED UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT
Section 501B.3 - Relation to other law.
Section 501B.4 - Governing law.
Section 501B.5 - Legal entity — perpetual existence — powers.
Section 501B.6 - Ownership and transfer of property.
Section 501B.7 - Statement of authority as to real property.
Section 501B.9 - Assertion and defense of claims.
Section 501B.10 - Effect of judgment or order.
Section 501B.11 - Appointment of agent to receive service of process.
Section 501B.12 - Service of process.
Section 501B.13 - Action or proceeding not abated by change.
Section 501B.15 - Member not agent.
Section 501B.16 - Approval by members.
Section 501B.17 - Meetings of members — voting, notice, and quorum requirements.
Section 501B.18 - Duties of member.
Section 501B.19 - Admission, suspension, dismissal, or expulsion of members.
Section 501B.20 - Member’s resignation.
Section 501B.21 - Membership interest not transferable.
Section 501B.22 - Selection of managers — management rights of managers.
Section 501B.23 - Duties of managers.
Section 501B.24 - Notice and quorum requirements for meetings of managers.
Section 501B.25 - Right of member or manager to information.
Section 501B.26 - Distributions prohibited — compensation and other permitted payments.
Section 501B.27 - Reimbursement — indemnification — advancement of expenses.
Section 501B.28 - Dissolution.
Section 501B.29 - Winding up and termination.
Section 501B.31 - Uniformity of application and construction.
Section 501B.32 - Relation to Electronic Signatures in Global and National Commerce Act.