Iowa Code § 552A.4
Limitation on membership period
Iowa · Iowa Code Chapter 552A — Buying Club Memberships · Status: effective
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- Citation
- Iowa Code § 552A.4, Limitation on membership period, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2272055
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Full text
A contract shall not be valid for a term longer than eighteen months from the date on which the contract is signed. However, a buying club may allow a member to convert the contract into a contract for a period longer than eighteen months after the member has been a member of the club for at least one year. The duration of the contract shall be clearly and conspicuously disclosed in the contract in boldface type of a minimum size of fourteen points.