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Iowa Code Title XII. Business Entities [Chs. 486-504C] § 504.1605. Limitations on use of corporate records

Current as of January 01, 2024 | Updated by Findlaw Staff

Without consent of the board, no corporate record may be obtained or used by any person for any purpose unrelated to a member's interest as a member. Without limiting the generality of the foregoing, without the consent of the board, corporate records, including without limitation a membership list or any part thereof, shall not be used for any of the following:

1. To solicit money or property unless such money or property will be used solely to solicit the votes of the members in an election to be held by the corporation.

2. For any commercial purpose.

3. For sale to or purchase by any person.

4. For any purpose that is detrimental to the interests of the corporation.

5. To obtain personal information as defined in section 22A.1. A person who violates this subsection is subject to civil penalties under section 22A.3. A person who knowingly violates this subsection is subject to criminal penalties under section 22A.4.

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Cite this article: FindLaw.com - Iowa Code Title XII. Business Entities [Chs. 486-504C] § 504.1605. Limitations on use of corporate records - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xii-business-entities-chs-486-504c/ia-code-sect-504-1605/

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