512A.6 - CONTRIBUTIONS FOR EXPENSES. - Iowa Statutes

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.          Section History: Early Form [C71, 73, 75, 77, 79, 81, § 512A.6]