Iowa Code 501B.22 – Selection of managers — management rights of managers
Current as of: 2023 | Check for updates
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Except as otherwise provided in this chapter or the governing principles, all of the following apply:
1. Only the members may select a manager or managers.
Terms Used In Iowa Code 501B.22
- association: means an unincorporated organization consisting of two or more members joined under an agreement that is oral, in a record, or implied from conduct, for one or more common, nonprofit purposes. See Iowa Code 501B.2
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Governing principles: includes any amendment or restatement of the agreements constituting the governing principles. See Iowa Code 501B.2
- Manager: means a person that is responsible, alone or in concert with others, for the management of an unincorporated nonprofit association and includes but is not limited to persons who may be designated as directors and officers or some other designation indicating that such persons would perform the duties of a manager. See Iowa Code 501B.2
- Member: means a person that, under the governing principles, may participate in the selection of persons authorized to manage the affairs of the unincorporated nonprofit association or in the development of the policies and activities of the association. See Iowa Code 501B.2
2. A manager may be a member or a nonmember.
3. If a manager is not selected, all members are managers.
4. Each manager has equal rights in the management and conduct of the association‘s activities.
5. All matters relating to the association’s activities shall be decided by its managers except for matters reserved for approval by members pursuant to section 501B.16.
6. A difference among managers is decided by a majority of the managers.