CHAPTER504

1 1 REVISEDIOWANONPROFITCORPORATIONACT,Ch504 CHAPTER504 REVISEDIOWANONPROFITCORPORATIONACTR eferredtoin , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , extraservices ,service, MEMBERS :18:482022 IowaCode2023, CHAPTER504 (39,1)Ch504, sliabilityfordues,assessments, ,expulsion, ,designation, :18:482022 IowaCode2023, CHAPTER504 (39,1)3 REVISEDIOWANONPROFITCORPORATIONACT, ,members, ,devises, ,members, :18:482022 IowaCode2023, CHAPTER504 (39,1)Ch504, ,mutualbenefit, :18:482022 IowaCode2023, CHAPTER504 (39,1)5 REVISEDIOWANONPROFITCORPORATIONACT, RevisedIowaNonprofitCorporationAct .2004 Acts,ch1049, 1, ,ch1049, 2, , , ,ch124, ,andofanyothersectionthataddstoorvariest heserequirements, , , ,itspresident, , ,trustee,orothercourt-appointedfiduciary , ,anattestation,anacknowledgment, :18:482022 IowaCode2023, CHAPTER504 (39,1) , , ,thesecretaryofstatemayrequireoneexactor conformedcopytobedeliveredwiththedocumen t, ,thecorrectfilingfee,andanyfranchisetax, licensefee,orpenalty, , :(1)Anyofthefollowingthatisavailableinan ationallyrecognizednewsorinformationmedi umeitherinprintorelectronically:statisti calormarketindices,marketpricesofanysecu rityorgroupofsecurities,interestrates,cu rrencyexchangerates,orsimilareconomicorf inancialdata.

2 (2)Adeterminationoractionbyanypersonorbo dy,includingthecorporationoranyotherpart ytoaplanorfileddocument.(3)Thetermsof,or actionstakenunder,anagreementtowhichthec orporationisaparty, ,allofthefollowingapply:(1) Fileddocument (2) Plan ,ch1049, 3,192;2005 Acts,ch19, 77;2015 Acts,ch45, 2 Referredtoin , , extraservices ,thesecretaryofstateshallprovideanextraf ilingserviceandassessasurchargeasprovide dinchapter9, ,ch165, ,aforeigncorporation sapplicationforacertificateofauthorityto transactbusinessinthisstate,aforeigncorp oration sapplicationforacertificateofwithdrawal, , , ,ch1049, 4,192 Referredtoin ,service, ,asprovidedbythesecretaryofstate, $ $__ThuDec2917:18:482022 IowaCode2023, CHAPTER504 (39,1)7 REVISEDIOWANONPROFITCORPORATIONACT, $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ ,ch1049, 5,192 Referredtoin ;2012 Acts,ch1131, 28;2013 Acts,ch135, 24,52;2015 Acts,ch141, 22,60,67,68;2017 Acts,ch171, 23,50;2019 Acts,ch136, 23;2020 Acts,ch1121, 1;2021 Acts,ch142, 23.

3 2022 Acts,ch1140, , , ,andifitdoessotheThuDec2917:18:482022 IowaCode2023, CHAPTER504 (39,1) , , ,ch1049, 6,192 Referredtoin , ,attested,sealed,verified, :(1)Describethedocument,includingitsfili ngdate,orattachacopyofthedocumenttothear ticles.(2)Specifytheinaccuracyordefectto becorrected.(3) , ,ch1049, 7,192;2005 Acts,ch3, 79 Referredtoin , , , , , , , ,thesecretaryofstateshallreturnittothedo mesticorforeigncorporationoritsrepresent ative,togetherwithabrief, ,ch1049, 8, soffice,thedomesticorforeigncorporationm ayappealtherefusaltothedistrictcourtinth ecountywherethecorporation sprincipaloffice,orifthereisnoneinthisst ate,itsregisteredoffice, ,ch1049, 9,192 ThuDec2917:18:482022 IowaCode2023, CHAPTER504 (39,1)9 REVISEDIOWANONPROFITCORPORATIONACT, ,ch1049, 10, scorporatenameortheforeigncorporation ,thedateofitsincorporation,andtheperiodo fitsdurationiflessthanperpetual; , ,ch1049, 11, ,ch1049, 12, ,ch1049, 13, ,ch1184, :18:482022 IowaCode2023, CHAPTER504 (39,1) , ,unlessthecontextotherwiserequires:1.

4 Approvedbythemembers or approvalbythemembers meansapprovedorratifiedbytheaffirmativev oteofamajorityofthevotesrepresentedandvo tingatadulyheldmeetingatwhichaquorumispr esent,whichaffirmativevotesalsoconstitut eamajorityoftherequiredquorum,orbyawritt enballotorwrittenconsentinconformitywith thischapterorbytheaffirmativevote,writte nballot,orwrittenconsentofsuchgreaterpro portion,includingthevotesofallthemembers ofanyclass,unit,orgroupingasmaybeprovide dinthearticles,bylaws, Articlesofincorporation or articles Board or boardofdirectors Bylaws Class meansagroupofmembershipswhichhavethesame rightswithrespecttovoting,dissolution,re demption, , Corporation meansapublicbenefit,mutualbenefit, Delegates Deliver or delivery meansanymethodofdeliveryusedinconvention alcommercialpractice,includingdeliveryin person,bymail,commercialdelivery, Directors meansindividuals,designatedinthearticles orbylawsorelectedbytheincorporators, Distribution meansthepaymentofadividendoranypartofthe incomeorprofitofacorporationtoitsmembers ,directors, Domesticcorporation Domesticunincorporatedentity Effectivedateofnotice Electronictransmission or electronicallytransmitted meansanyprocessofcommunicationnotdirectl yinvolvingthephysicaltransferofpaperthat issuitablefortheretention,retrieval, Employee Entity includesadomesticorforeignbusinesscorpor ation;domesticorforeignnonprofitcorporat ion;domesticorforeignunincorporatedentit y;estate;trust;state;theUnitedStates;gov ernmentalsubdivision.

5 File , filed ,or filing Foreigncorporation Foreignunincorporatedentity Governmentalsubdivision includesanauthority,county,district, Includes Individual Means :18:482022 IowaCode2023, CHAPTER504 (39,1)11 REVISEDIOWANONPROFITCORPORATIONACT, Member meansapersonwhoonmorethanoneoccasion,pur suanttotheprovisionsofacorporation sarticlesorbylaws,hasarighttovoteforthee lectionofadirectorordirectorsofacorporat ion, Membership referstotherightsandobligationsamemberor membershavepursuanttoacorporation sarticles,bylaws, Mutualbenefitcorporation Notice Organiclaw meansastatuteprincipallygoverningtheinte rnalaffairsofadomesticorforeignbusinessc orporation,nonprofitcorporation, Organicrecord Person Principaloffice Privateorganicrecord meansanyrecord,otherthanapublicorganicre cord,ifany, , privateorganicrecord Proceeding includesacivilsuitandcriminal,administra tive, Publicbenefitcorporation Publicorganicrecord meanstherecord,ifany,thatisfiledofpublic record.

6 Publicorganicrecord Record Recorddate Religiouscorporation meansadomesticorforeigncorporationthaten gagesinreligiousactivityasoneofthecorpor ation Secretary ,subsection2,forcustodyoftheminutesofthe directors andmembers Sign or signature includesamanual,facsimile,conformed, State ,whenreferringtoapartoftheUnitedStates,i ncludesastateandcommonwealthandtheiragen ciesandgovernmentalsubdivisions, Unincorporatedentity meansanorganizationorotherlegalentitytha tisnotacorporationandthateitherhasasepar atelegalexistenceorhasthepowertoacquirea nestateinrealpropertyintheentity sownname. Unincorporatedentity includesageneralpartnership,limitedliabi litycompany,limitedpartnership,businesso rstatutorytrust,jointstockassociation, Unincorporatedentity doesnotincludeadomesticorforeignbusiness corporation,anonprofitcorporation,anesta te,atrust,agovernmentalsubdivision,astat e,theUnitedStates, UnitedStates includesadistrict,authority,bureau,commi ssion,department, Vote Votingpower meansthetotalnumberofvotesentitledtobeca stfortheelectionofdirectorsatthetimethed eterminationofvotingpowerismade,excludin gavotethatisThuDec2917:18:482022 IowaCode2023, CHAPTER504 (39,1) , , ,ch1049, 14,192;2005 Acts,ch19, 78;2012 Acts,ch1049, 1,2 Referredtoin , , , ,noticemaybecommunicatedinperson,bymail, orothermethodofdelivery.

7 Orbytelephone,voicemail, ,noticemaybecommunicatedbyanewspaperofge neralcirculationintheareawherepublishedo rbyradio,television, ,ifinacomprehensibleform, ,ifmailedpostpaidandcorrectlyaddressedto themember saddressshowninthecorporation ,writtennotice,ifinacomprehensibleform, , ,ifsentbyregisteredorcertifiedmail,retur nreceiptrequested, ,ifmailedcorrectlyaddressedandwithothert hanfirstclass,registered, saddressshowninthecorporation ,magazine,orotherpublicationregularlysen ttomembersshallconstituteawrittennoticeo rreportifaddressedordeliveredtothemember saddressshowninthecorporation scurrentlistofmembers,orinthecaseofmembe rswhoareresidentsofthesamehouseholdandwh ohavethesameaddressinthecorporation scurrentlistofmembers,ifaddressedordeliv eredtooneofsuchmembers, ,otherthaninitscapacityasamember,ifaddre ssedtoitsregisteredagentortoitssecretary atitsprincipalofficeshowninitsmostrecent biennialreportor,inthecaseofaforeigncorp orationthathasnotyetdeliveredabiennialre port, ,subsection2,oranyotherprovisionofthisch apterprescribesnoticerequirementsforpart icularcircumstances, , ,ch1049, 15,192.

8 2005 Acts,ch19, 79,80 Referredtoin :18:482022 IowaCode2023, CHAPTER504 (39,1)13 REVISEDIOWANONPROFITCORPORATIONACT, ,delegates,ordirectors,orotherwiseobtain theirconsent,inthemannerprescribedbyitsa rticles,bylaws,orthischapter,thenuponpet itionofadirector,officer,delegate,member ,ortheattorneygeneral,thedistrictcourtma yorderthatsuchameetingbecalledorthatawri ttenballotorotherformofobtainingthevoteo fmembers,delegates,ordirectorsbeauthoriz ed, ,inanorderissuedpursuanttothissection,pr ovideforamethodofnoticereasonablydesigne dtogiveactualnoticetoallpersonswhowouldb eentitledtonoticeofameetingheldpursuantt othearticles,bylaws,andthischapter, , ,includinganyrequirementastoquorumsorast othenumberorpercentageofvotesneededforap proval,thatwouldotherwisebeimposedbythea rticles,bylaws, ,anorderissuedpursuanttothissectionshall limitthesubjectmatterofmeetingsorotherfo rmsofconsentauthorizedtoitems,includinga mendmentstothearticlesorbylaws,theresolu tionofwhichwillormayenablethecorporation tocontinuemanagingitsaffairswithoutfurth erresorttothissection;provided,however,t hatanorderunderthissectionmayalsoauthori zetheobtainingofwhatevervotesandapproval sarenecessaryforthedissolution,merger, ,delegates,ordirectorsconductedpursuantt oanorderissuedunderthissection,andwhichc omplieswithalltheprovisionsofsuchorder,i sforallpurposesavalidmeetingorvote,asthe casemaybe,andshallhavethesameforceandeff ectasifitcompliedwitheveryrequirementimp osedbythearticles,bylaws, ,ch1049, 16, ,ch1049, 17,192 Referredtoin ,2005, :18:482022 IowaCode2023, CHAPTER504 (39,1) , ,2005, ,whichmaybe,eitheraloneorincombinationwi thotherpurposes, :(1)Managingandregulatingtheaffairsofthe corporation.

9 (2)Defining,limiting,andregulatingthepow ersofthecorporation,itsboardofdirectors, andmembers,oranyclassofmembers.(3)Thecha racteristics,qualifications,rights,limit ations, (1)Aprovisioneliminatingorlimitingthelia bilityofadirectortothecorporationoritsme mbersformoneydamagesforanyactiontaken,or anyfailuretotakeanyaction,asadirector,ex ceptliabilityforanyofthefollowing:(a)The amountofafinancialbenefitreceivedbyadire ctortowhichthedirectorisnotentitled.(b)A nintentionalinflictionofharmonthecorpora tionoritsmembers.(c) (d)Anintentionalviolationofcriminallaw.( 2) , ,subsection5,toapersonforanyactiontaken, oranyfailuretotakeanyaction,asadirectore xceptliabilityforanyofthefollowing:(1)Re ceiptofafinancialbenefittowhichtheperson isnotentitled.(2)Intentionalinflictionof harmonthecorporationoritsmembers.(3) (4) ,ch1049, 18,192;2005 Acts,ch19, 81,82;2012 Acts,ch1023, 157 Referredtoin , , , , ,ch1049, 19, ,knowingtherewasnoincorporationunderthis chapter, ,ch1049, 20, :ThuDec2917:18:482022 IowaCode2023, CHAPTER504 (39,1)15 REVISEDIOWANONPROFITCORPORATIONACT, ,theinitialdirectorsshallholdanorganizat ionalmeeting,atthecallofamajorityofthedi rectors,tocompletetheorganizationoftheco rporationbyappointingofficers,adoptingby laws, ,theincorporatororincorporatorsshallhold anorganizationalmeetingatthecallofamajor ityoftheincorporatorstodooneofthefollowi ng:(1)Electdirectorsandcompletetheorgani zationofthecorporation.

10 (2) ,ch1049, 21, ,ch1049, 22, ,thedirectorsofacorporationmayadopt,amen d, ,whicharesubjecttoamendmentorrepealbythe members,mayprovidespecialproceduresneces saryformanagingthecorporationduringtheem ergency, ,officer,employee, ,ch1049, 23,192 Seealso ,andaforeigncorporationmaybeauthorizedor registeredtotransactbusinessinthisstate, forthepurposeofestablishing,operating, 81(a). ,operate, 81(a)etseq.,andregulationspromulgatedund erthatlaw,andforestablishing,operating, ,ch165, 265,266 ThuDec2917:18:482022 IowaCode2023, CHAPTER504 (39,1) , ,ch1049, 24,192 Referredtoin ,everycorporationhasperpetualdurationand successioninitscorporatenameandhasthesam epowersasanindividualtodoallthingsnecess aryorconvenienttocarryoutitsaffairs, ,complain, ,whichmaybealteredatwill,andtouseit,oraf acsimileofit,byimpressing,affixing, , ,receive,lease,orotherwiseacquire,andown ,hold,improve,use,andotherwisedealwithre alorpersonalproperty,oranylegalorequitab leinterestinproperty, ,convey,mortgage,pledge,lease,exchange, ,receive,subscribefor,orotherwiseacquire ,own,hold,vote,use,sell,mortgage,lend,pl edge,orotherwisedisposeof,anddealinandwi th,sharesorotherinterestsin,orobligation sof, ,incurliabilities,borrowmoney,issuenotes ,bonds,andotherobligations,andsecureanyo fitsobligationsbymortgageorpledgeofanyof itsproperty,franchises, ,investandreinvestitsfunds,andreceiveand holdrealandpersonalpropertyassecurityfor repayment, ,partner,member,associate,ormanagerofany partnership,jointventure,trust.