Terms Used In Iowa Code > Chapter 499C - Unit Owners Associations &Mdash; Access to Records

• Bylaws: means the instruments, however denominated, that contain the procedures for conducting the affairs of a unit owners association or an executive board regardless of the form in which the association is organized, including any amendments to such instruments. See Iowa Code 499C.1
• Common interest community: includes a planned community, a cooperative under chapter 499A, and a horizontal property regime under chapter 499B. See Iowa Code 499C.1
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Declarant: means a person or group of persons who, as the record title owner of real estate, by a declaration, creates a common interest community. See Iowa Code 499C.1
• Declaration: means the instrument, however denominated, that creates a common interest community, including any amendments to the instrument. See Iowa Code 499C.1
• Executive board: means the body, regardless of name, designated in the declaration or bylaws to act on behalf of a unit owners association. See Iowa Code 499C.1
• 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
• Internet: means the federated international system that is composed of allied electronic communication networks linked by telecommunication channels, that uses standardized protocols, and that facilitates electronic communication services, including but not limited to use of the world wide web; the transmission of electronic mail or messages; the transfer of files and data or other electronic information; and the transmission of voice, image, and video. See Iowa Code 4.1
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
• Planned community: means a common interest community that is not solely a cooperative under chapter 499A or solely a horizontal property regime under chapter 499B, and includes property owner or homeowner associations. See Iowa Code 499C.1
• property: includes personal and real property. See Iowa Code 4.1
• state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
• Statute: A law passed by a legislature.
• Unit: means a portion of a common interest community designated for separate ownership or occupancy or as otherwise defined in the statute under which the common interest community is organized, including but not limited to an apartment as defined in section 499B. See Iowa Code 499C.1
• Unit owner: means a declarant or other person that owns a unit, but does not include a person having an interest in a unit solely as security for an obligation. See Iowa Code 499C.1
• Unit owners association: means an association, regardless of name, organized as a for-profit or nonprofit corporation, trust, limited liability company, partnership, unincorporated association, or any other form of organization authorized by the laws of this state, the membership of which consists solely of unit owners except following termination of the common interest community, at which time the association shall consist of all former unit owners entitled to distributions of proceeds or their heirs, successors, or assigns. See Iowa Code 499C.1