Iowa Code § 504.632

Current through bills signed by governor as of 5/17/2024

Section 504.632 - Standing

A derivative proceeding may be brought by any of the following persons:

1. A member or members of the corporation representing five percent or more of the voting power of the corporation or by fifty members, whichever is less.

2. A director of the corporation.

Iowa Code § 504.632

2004 Acts, ch 1049, §47, 192