State Codes and Statutes
Statutes > Iowa > Title-12 > Subtitle-5 > Chapter-504 > 504-632 504.632 STANDING. A derivative proceeding may be brought by any of the following persons: 1. A member or members of the corporation representing five percent or more of the voting power of the corporation or by fifty members, whichever is less. 2. A director of the corporation.
Section History: Recent Form 2004 Acts, ch 1049, §47, 192
