Iowa Code

Iowa Code § 499A.11 (2026)

Ownership — certificate of membership

✓ current as of July 2026

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The cooperative has the right to purchase real estate for the purpose of erecting, owning, and operating apartment houses or apartment buildings. The interest of each individual member in the cooperative shall be evidenced by the issuance of a certificate of membership. The certificate of membership is coupled with a possessory interest in the real and personal property of the cooperative, entitling each member to a proprietary lease with the cooperative under which each member has an exclusive possessory interest in an apartment unit and a possessory interest in common with all other members in that portion of the cooperative’s real and personal property not constituting apartment units, and which creates a legal relationship of landlord and tenant between the cooperative and member. The certificate of membership shall be executed by the president of the cooperative and attested by its secretary in the name and in the behalf of the cooperative. [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.11] 91 Acts, ch 30, §5

499A.12 and 499A.13 Reserved.

Notes of Decisions

Cited in 5 cases, 2011–2015 · leading case: City of Iowa City, Iowa v. Iowa City Bd. of Review v. Iowa City Bd. of Review, 863 N.W.2d 663 (Iowa 2015).

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City of Iowa City, Iowa v. Iowa City Bd. of Review v. Iowa City Bd. of Review, 863 N.W.2d 663 (Iowa 2015). · cites it 72× “30, §§ 5, 14 (codified at Iowa Code §§ 499A.11, .19 (1993)). The City argues that by deleting the language “[i]f one member owns more than one apartment” from section 499A.”

Dolphin Residential Coop., Inc. v. Iowa City Bd. of Review, 863 N.W.2d 644 (Iowa 2015). · cites it 8× “Iowa Code section 499A.11 gives additional force to this point.”

Krupp Place 1 Co-op, Inc. & Krupp Place 2 Co-op, Inc. v. Bd. of Review of Jasper Cnty., Iowa, 801 N.W.2d 9 (Iowa 2011). · cites it 2× “Pursuant to Iowa Code section 499A.11, certificates of membership have been issued to Larry and Connie Krupp in each of the cooperatives certifying their membership interests.”

Amended July 21, 2015 City of Iowa City, Iowa v. Iowa City Bd. of Review v. Iowa City Bd. of Review (Iowa 2015). · cites it 34× “30, §§ 5, 14 (codified at Iowa Code §§ 499A.11, .19 (1993)). The City argues that by deleting the language “[i]f one member owns more than one apartment” from section 499A.”

Amended July 21, 2015 Dolphin Residential Coop., Inc. v. Iowa City Bd. of Review (Iowa 2015). · cites it 3× “Iowa Code section 499A.11 gives additional force to this point.”

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