504.632 - STANDING. - Iowa Statutes

504.632 STANDING. A derivative proceeding may be brought by any of the following persons: 1. A member or members of the corporation representing five percent or more of the voting power of the corporation or by fifty members, whichever is less. 2. A director of the corporation.          Section History: Recent Form 2004 Acts, ch 1049, §47, 192