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Iowa Code § 501B.20

Member’s resignation

Known as the Revised Uniform Unincorporated Nonprofit Association Act

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

2010 Acts, ch 1112, §20, 33

1. A member may resign as a member in accordance with the governing principles. In the absence of applicable governing principles, a member may resign at any time.

2. Unless the governing principles provide otherwise, resignation of a member does not relieve the member from any unpaid capital contribution, dues, assessments, fees, or other obligation incurred or commitment made by the member before resignation.

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