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Obligations not affected.

Iowa Code § 499.21
in effect
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499.21. Obligations not affected. The death, expulsion or withdrawal of a member shall not impair the member’s contracts, debts, or obligations to the association. [C35, §8512-g21; C39, §8512.21; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.21]
Source: Iowa Legislature (legis.iowa.gov)URL: https://www.legis.iowa.gov/docs/code/2026/499.21.pdfFetched: 10/20/2026

Starting a business in Iowa? Iowa LLC guide: costs and requirements