499.18 - EXPULSION OF MEMBERS. - Iowa Statutes

499.18 EXPULSION OF MEMBERS. The directors may expel any member if the member has attempted to transfer that member's membership or stock in violation of its terms, or has willfully violated any article or bylaw which provides for such penalty.          Section History: Early Form [C35, § 8512-g18; C39, § 8512.18; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 499.18]