498.37 Statement to estate of stockholder.
1. The board of directors, upon receiving actual notice of a member’s death, shall provide a statement to the administrator or executor of the member’s estate, or to the attorney representing the member’s estate. The statement shall describe agricultural products owned by the member which are in the possession of the association.
2. This section shall not require an association to conduct a search of the status of its members. The association shall exercise reasonable diligence in determining to whom the statement must be delivered. The statement shall be delivered to the administrator, executor, or attorney, within thirty days following a determination as to whom the statement must be delivered. A statement is not required to be prepared or delivered, if the association is not notified of the member’s death within one year after the date of death, or by the date that the member’s estate is closed, whichever is later.
91 Acts, ch 230, §2; 2021 Acts, ch 76, §150
Code editor directive applied
Structure Iowa Code
Chapter 498 - NONPROFIT COOPERATIVE ASSOCIATIONS
Section 498.2 - Purposes of cooperative — limitation.
Section 498.3 - Terms defined — products of nonmembers.
Section 498.4 - Articles — personal liability.
Section 498.5 - Filing — certificate of incorporation.
Section 498.8 - Board of directors — removals.
Section 498.10 - Admission of members.
Section 498.11 - Membership certificates.
Section 498.12 - Certificates nontransferable — surrender.
Section 498.13 - Automatic cancellation — revocation.
Section 498.14 - Conditions printed on certificates.
Section 498.15 - Combinations of local associations.
Section 498.16 - Powers of central associations.
Section 498.17 - Voting power.
Section 498.18 - Proxies — voting by mail.
Section 498.19 - Power to compel sales and purchases — liquidated damages.
Section 498.20 - Financial power.
Section 498.21 - Personal liability.
Section 498.22 - Cost of service — dues.
Section 498.23 - Reserve and educational funds — patronage dividends.
Section 498.24 - Biennial report — penalty.
Section 498.25 - Exemption from report.
Section 498.26 - List of delinquents.
Section 498.27 - Notice to delinquents.
Section 498.28 - Cancellation.
Section 498.29 - Effect of cancellation.
Section 498.30 - Reinstatement of corporation.
Section 498.31 - Chapter extended to former associations.
Section 498.32 - Use of term “cooperative” — injunction.
Section 498.33 - Use of funds — promotion expenses.
Section 498.34 - Duration of incorporation — renewal.
Section 498.35 - Personal liability.