185.24 Termination of a promotional order.
If a promotional order is not extended as determined by a referendum, the secretary and the board shall terminate the promotional order in an orderly manner as soon as practicable. After all moneys collected from the state assessment are expended, the board shall remain in existence as provided in its articles of incorporation or bylaws. The directors shall no longer be elected as required in this chapter. The ex officio directors shall no longer serve on the board. The board shall cease to administer this chapter, and the board shall no longer carry out its duties or exercise its powers as provided in this chapter. However, if a future referendum passes, the board shall be reorganized by the secretary and the directors then serving on the board shall be deemed to be the same directors who served on the board when the promotional order was terminated. The directors shall serve out their terms as though there had been no lapse of time between the two effective orders.
[C73, 75, 77, 79, 81, §185.24]
94 Acts, ch 1146, §24; 2005 Acts, ch 82, §21
Referred to in §185.25
Structure Iowa Code
Chapter 185 - IOWA SOYBEAN ASSOCIATION
Section 185.1A - Recognition of Iowa soybean association.
Section 185.1B - Duties and objects of the association.
Section 185.2 - Petition for election.
Section 185.3 - Board established — elections.
Section 185.5 - Notice of election for directors.
Section 185.6 - Manner of election — tie votes.
Section 185.8 - Election administration — candidate nominations.
Section 185.9 - Vacancies — removal.
Section 185.10 - Ex officio members.
Section 185.11 - Purpose of board.
Section 185.13 - Powers and duties.
Section 185.14 - Compensation — meetings.
Section 185.15 - Term of promotional order.
Section 185.16 - Notice of referendum.
Section 185.17 - Contents of notice.
Section 185.20 - Producers only to vote.
Section 185.22 - Promotional order.
Section 185.23 - Deduction of assessment.
Section 185.24 - Termination of a promotional order.
Section 185.25 - Special referendum — producer petition.
Section 185.25A - Special referendum — request by the board.
Section 185.26 - Administration of moneys.
Section 185.27 - Refund of assessment.
Section 185.28 - Use of moneys — appropriation.
Section 185.29 - Remission of remaining moneys.
Section 185.32 - First purchaser information.
Section 185.34 - Not a state agency.
Section 185.35 - Political activity — influencing legislation prohibited.