Iowa Code 512A.6 – Contributions for expenses
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512A.6 Contributions for expenses.
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]
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]