Iowa Statutes
§ 504.901 — Personal liability
Iowa § 504.901
This text of Iowa § 504.901 (Personal liability) 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 § 504.901 (2026).
Text
1.Except as otherwise provided in this chapter, a director, officer, employee, or member
of a corporation is not liable for the corporation’s debts or obligations and a director, officer,
member, or other volunteer is not personally liable in that capacity to any person for any
actiontakenorfailuretotakeanyactioninthedischargeoftheperson’sdutiesexceptliability
for any of the following:
a.The amount of any financial benefit to which the person is not entitled.
b.An intentional infliction of harm on the corporation or the members.
c.A violation of section 504.835.
d.An intentional violation of criminal law.
2.A provision set forth in the articles of incorporation eliminating or limiting the liability
of a director to the corporation or its members for money damages for any action take
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Related
Valerie Bandstra, Anne Bandstra, Ryan Bandstra and Jason Bandstra v. Covenant Reformed Church
(Supreme Court of Iowa, 2018)
Nearby Sections
15
§ 504.1001
Authority to amend§ 504.1002
Amendment by directors§ 504.1003
Amendment by directors and members§ 504.1004
Class voting by members on amendments§ 504.1005
Articles of amendment§ 504.1006
Restated articles of incorporation§ 504.1008
Effect of amendment and restatement§ 504.101
Short title§ 504.1021
Amendment by directors§ 504.1022
Amendment by directors and members§ 504.1023
Class voting by members on amendments§ 504.1031
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Bluebook (online)
Iowa § 504.901, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/504.901.