Iowa § 504.633 Demand

Iowa Statutes

§ 504.633 — Demand

Iowa § 504.633

Title XIIBUSINESS ENTITIES

Ch. 504REVISED IOWA NONPROFIT CORPORATION ACT

This text of Iowa § 504.633 (Demand) 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 § 504.633 (2026).

Text

A derivative proceeding shall not be commenced until both of the following have occurred:

1.A written demand has been made upon the corporation to take suitable action.

2.Ninety days have expired from the date the demand was made, unless the member or director has earlier been notified that the demand has been rejected by the corporation or unless irreparable injury to the corporation would result by waiting for the expiration of the ninety-day period.

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A derivative proceeding shall not be commenced until both of the following have occurred:
1. A written demand has been made upon the corporation to take suitable action.
2. Ninety days have expired from the date the demand was made, unless the member or
director has earlier been notified that the demand has been rejected by the corporation or
unless irreparable injury to the corporation would result by waiting for the expiration of the
ninety-day period.