An Iowa HOA organized as a nonprofit corporation follows the Revised Iowa Nonprofit Corporation Act (Ch. 504): an annual membership meeting is required (§ 504.701), members may inspect corporate records on written notice (§ 504.1602), and directors are elected and may vote by written ballot (§ 504.708).
Most Iowa HOAs incorporate as nonprofits, so Iowa Code Ch. 504 supplies the procedural baseline the declaration alone lacks. Under § 504.701, 'a corporation with members shall hold a membership meeting annually,' at which officers report on the corporation's activities and finances. Members get records access under § 504.1602: a member 'is entitled to inspect and copy... any of the records' on at least five business days' written notice, with broader records (accounting records, the membership list) available on ten business days' notice for a proper purpose. Voting may occur in person, remotely (§ 504.702A), or by written ballot (§ 504.708). Condominium boards under § 499B.15 must additionally hold open board meetings with seven days' notice.
Member remedies under Ch. 504 (e.g., court-ordered inspection, § 504.1604). For condos, § 499B.15 voids board action taken at a meeting held in violation of its open-meeting/notice rules.
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Des Moines, IA
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