Iowa § 504.1705 Public benefit, mutual benefit, and religious corporations

Iowa Statutes

§ 504.1705 — Public benefit, mutual benefit, and religious corporations

Iowa § 504.1705

Title XIIBUSINESS ENTITIES

Ch. 504REVISED IOWA NONPROFIT CORPORATION ACT

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Bluebook

Iowa Code § 504.1705 (2026).

Text

For the purposes of this chapter, each domestic corporation shall be deemed a public benefit, mutual benefit, or religious corporation as follows:

1.A corporation designated by statute as a public benefit corporation, a mutual benefit corporation, or a religious corporation is deemed to be the type of corporation designated by that statute.

2.A corporation that does not come within subsection 1 but is organized primarily or exclusively for religious purposes is a religious corporation.

3.A corporation that does not come within subsection 1 or 2 but which is recognized as exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit corporation.

4.A corporation that does not come within subsection 1, 2, or 3, but which is organized for a publ

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For the purposes of this chapter, each domestic corporation shall be deemed a public
benefit, mutual benefit, or religious corporation as follows:
1. A corporation designated by statute as a public benefit corporation, a mutual benefit
corporation, or a religious corporation is deemed to be the type of corporation designated by
that statute.
2. A corporation that does not come within subsection 1 but is organized primarily or
exclusively for religious purposes is a religious corporation.
3. A corporation that does not come within subsection 1 or 2 but which is recognized as
exempt under section 501(c)(3) of the Internal Revenue Code, or any successor section, is a
public benefit corporation.
4. A corporation that does not come within subsection 1, 2, or 3, but which is organized
for a public or charitable purpose and which upon dissolution must distribute its assets to a
public benefit corporation, the United States, a state, or a person recognized as exempt under
section 501(c)(3) of the Internal Revenue Code, or any successor section, is a public benefit
corporation.
5. A corporation that does not come within subsection 1, 2, 3, or 4 is a mutual benefit
corporation.