If a member dies, the deceased member’s legal representative may exercise all of the following:
 1. The rights of a transferee provided in section 489.502, subsection 3.

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Terms Used In Iowa Code 489.504

  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • Member: means a person for whom all of the following are true:
  • Transferee: includes a person that owns a transferable interest under section 489. See Iowa Code 489.102
 2. For the purposes of settling the estate, the rights the deceased member had under section 489.410.