512A.6 Contributions for expenses.
48 words·~1 min read·
/ia/chapter-512a-benevolent-associations/512a-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Such associations may operate without the establishment of reserves or surplus except for current expenses. Contributions for expenses shall be added as a separate item to contributions for membership benefits. A reasonable membership fee to cover initial expenses may be charged.
[C71, 73, 75, 77, 79, 81, §512A.6]