Except as otherwise provided in the governing principles, a member’s interest or any right under the governing principles is not transferable.
Iowa Code § 501B.21
Membership interest not transferable
Known as the Revised Uniform Unincorporated Nonprofit Association Act
The act spans §§ 501–501 (32 sections).
2010 Acts, ch 1112, §21, 33
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.