Iowa Code

Iowa Code § 497.33 (2026)

Personal liability

✓ current as of July 2026

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Except as otherwise provided in this chapter, a director, officer, employee, or member of the corporation is not liable on the corporation’s debts or obligations and a director, officer, member, or other volunteer is not personally liable in that capacity, for a claim based upon any action taken, or any failure to take action in the discharge of the person’s duties, except for the amount of a financial benefit received by the person to which the person is not entitled, an intentional infliction of harm on the corporation or its members, or an intentional violation of criminal law. 87 Acts, ch 212, §6; 2003 Acts, ch 66, §11; 2004 Acts, ch 1086, §80

Notes of Decisions

Cited in 3 cases, 2013–2015 · leading case: Shannon & Danny NELSON, Individually, & on Behalf of E.N. F/K/A E.N., a Minor, Appellees, v. Lynn M. LINDAMAN, Lynn M. Lindaman, M.D., P.L.C. D/B/A Lindaman Orthopaedic, & Mercy Med. Ctr.—Des Moines, Appellants, 867 N.W.2d 1 (Iowa 2015).

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Shannon & Danny NELSON, Individually, & on Behalf of E.N. F/K/A E.N., a Minor, Appellees, v. Lynn M. LINDAMAN, Lynn M. Lindaman, M.D., P.L.C. D/B/A Lindaman Orthopaedic, & Mercy Med. Ctr.—Des Moines, Appellants, 867 N.W.2d 1 (Iowa 2015). · cites it 2× “§ 497.33 (immunizing a director, officer, member, or volunteer of a cooperative association except for improper benefit, intentional infliction of harm to the cooperative, or intentional violation of law); id.”

Pamela Sue Hook v. Tito Trevino, Individually, & Tito Trevino D/B/A Trevino Law Offices, 839 N.W.2d 434 (Iowa 2013). · cites it 2× “§§ 6, 7, 8,9, 11 & 19 (codified at Iowa Code §§ 497.33 , 498.35, 499.72, 504.”

Shannon & Danny Nelson, Individually, & on Behalf of E.N. F/K/A E.N., a Minor v. Lynn M. Lindaman, Lynn M. Lindaman, M.D., P.L.C. D/B/A Lindaman Orthopaedic, & Mercy Med. Ctr. – Des Moines (Iowa 2015). “§ 497.33 (immunizing a director, officer, member, or volunteer of a cooperative association except for improper benefit, intentional infliction of harm to the cooperative, or intentional violation of law); id.”

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