Iowa § 504.637 Payment of expenses

Iowa Statutes

§ 504.637 — Payment of expenses

Iowa § 504.637

Title XIIBUSINESS ENTITIES

Ch. 504REVISED IOWA NONPROFIT CORPORATION ACT

This text of Iowa § 504.637 (Payment of expenses) 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 § 504.637 (2026).

Text

On termination of a derivative proceeding, the court may do either of the following:

1.Order the corporation to pay the plaintiff’s reasonable expenses, including attorney fees incurred in the proceeding, if it finds that the proceeding has resulted in a substantial benefit to the corporation.

2.Order the plaintiff to pay any defendant’s reasonable expenses, including attorney fees incurred in defending the proceeding, if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose.

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On termination of a derivative proceeding, the court may do either of the following:
1. Order the corporation to pay the plaintiff’s reasonable expenses, including attorney
fees incurred in the proceeding, if it finds that the proceeding has resulted in a substantial
benefit to the corporation.
2. Order the plaintiff to pay any defendant’s reasonable expenses, including attorney
fees incurred in defending the proceeding, if it finds that the proceeding was commenced or
maintained without reasonable cause or for an improper purpose.