501B.7 Statement of authority as to real property.
1. For purposes of this section, “statement of authority” means a statement authorizing a person to transfer an interest in real property held in the name of an unincorporated nonprofit association.
2. An interest in real property held in the name of an unincorporated nonprofit association may be transferred by a person authorized to do so in a statement of authority filed by the association in the office of the county recorder in which a transfer of the property would be recorded.
3. A statement of authority must set forth all of the following:
a. The name of the unincorporated nonprofit association.
b. The address in this state, including the street address, if any, of the association or, if the association does not have an address in this state, its out-of-state address.
c. That the association is an unincorporated nonprofit association.
d. The name, title, or position of a person authorized to transfer an estate or interest in real property held in the name of the association.
4. A statement of authority must be executed in the same manner as an affidavit by a person other than the person authorized in the statement to transfer the interest.
5. The county recorder may collect a fee as provided in sections 331.604 and 331.605 for filing a statement of authority in the amount authorized for filing a transfer of real property.
6. A document amending, revoking, or canceling a statement of authority or stating that the statement is unauthorized or erroneous must meet the requirements for executing and filing an original statement.
7. A statement of authority filed in the office of the county recorder as provided in subsection 2 is effective until amended or canceled, unless an earlier cancellation date is specified in the statement.
8. If the record title to real property is in the name of an unincorporated nonprofit association and the statement of authority is filed in the office of the county recorder in which a transfer of the property would be filed, the authority of the person named in the statement to transfer is conclusive in favor of a person that gives value without notice that the person lacks authority.
2010 Acts, ch 1112, §7, 33; 2013 Acts, ch 108, §3; 2014 Acts, ch 1092, §109
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.