512B.13 Institutions. A society may create, maintain, and operate, or may establish organizations to operate, not-for-profit institutions to further the purposes permitted by section 512B.6, subsection1, paragraph 'a', subparagraph (2). The institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held, or leased by the societyfor this purpose shall be reported in every annual statement. A not-for-profit institutionso established is a charitable institution with all the rights, benefits, and privileges givento charitable institutions under the Constitution and laws of the State of Iowa. The commissioner may adopt appropriate rules and reporting requirements. 90 Acts, ch 1148, §13; 2006 Acts, ch 1010, §139; 2012 Acts, ch 1023, §153 Sat Dec 23 00:43:15 2023 Iowa Code 2024, Section 512B.13 (18, 0)
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