Section 504.614 - Member’s liability for dues, assessments, and fees.

IA Code § 504.614 (2019) (N/A)
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504.614 Member’s liability for dues, assessments, and fees.

A member may become liable to the corporation for dues, assessments, or fees. However, an article or bylaw provision or a resolution adopted by the board authorizing or imposing dues, assessments, or fees does not, of itself, create liability.

2004 Acts, ch 1049, §41, 192