Iowa § 504.615 Creditor’s action against member

Iowa Statutes

§ 504.615 — Creditor’s action against member

Iowa § 504.615

Title XIIBUSINESS ENTITIES

Ch. 504REVISED IOWA NONPROFIT CORPORATION ACT

This text of Iowa § 504.615 (Creditor’s action against member) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 504.615 (2026).

Text

1.A proceeding shall not be brought by a creditor to reach the liability, if any, of a member tothecorporationunlessfinaljudgmenthasbeenrenderedinfavorofthecreditoragainstthe corporation and execution has been returned unsatisfied in whole or in part or unless such proceeding would be useless.

2.All creditors of the corporation, with or without reducing their claims to judgment, may intervene in any creditor’s proceeding brought under subsection 1 to reach and apply unpaid amounts due the corporation. Any or all members who owe amounts to the corporation may be joined in such proceeding.

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1. A proceeding shall not be brought by a creditor to reach the liability, if any, of a member
tothecorporationunlessfinaljudgmenthasbeenrenderedinfavorofthecreditoragainstthe
corporation and execution has been returned unsatisfied in whole or in part or unless such
proceeding would be useless.
2. All creditors of the corporation, with or without reducing their claims to judgment, may
intervene in any creditor’s proceeding brought under subsection 1 to reach and apply unpaid
amounts due the corporation. Any or all members who owe amounts to the corporation may
be joined in such proceeding.