Statutes > Iowa Statutes > Title 12 - Business Entities > Subtitle 5 - Nonprofit Corporations > CHAPTER 504 - REVISED IOWA NONPROFIT CORPORATION ACT > 504.1301 - PROHIBITED DISTRIBUTIONS.

504.1301 - PROHIBITED DISTRIBUTIONS.

        504.1301  PROHIBITED DISTRIBUTIONS.         Except as authorized by section 504.1302, a corporation shall not      make any distributions.
         Section History: Recent Form
         2004 Acts, ch 1049, §135, 192