Iowa Code § 501B.18

Duties of member

Known as the Revised Uniform Unincorporated Nonprofit Association Act

The act spans §§ 501–501 (32 sections).

2010 Acts, ch 1112, §18, 33

1. A member does not have a fiduciary duty to an unincorporated nonprofit association or to another member solely by being a member.

2. A member shall discharge the duties to the unincorporated nonprofit association and the other members and exercise any rights under this chapter consistent with the governing principles and the obligation of good faith and fair dealing.

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.