499.40 Articles.
Articles of incorporation must be signed and acknowledged by each incorporator. They may deal with any fiscal or internal affair of the association or any subject hereof in any manner not inconsistent with this chapter. All articles must state in the English language:
1. The name of the association, which must include the word “cooperative”; and the address of its principal office.
2. The purposes for which it is formed, and a statement that it is organized under this chapter.
3. Its duration, which may be perpetual.
4. The name, occupation and post office address of each incorporator.
5. The following information regarding the directors:
a. Their number.
b. Whether there is a fixed number or a variable range as provided in section 499.36. If a variable range is established, the information shall include the minimum and maximum number.
c. Their qualifications.
d. Their terms of office.
e. How they shall be chosen and removed from office.
6. Who are eligible for membership, how members shall be admitted and membership lost, how earnings shall be distributed among members, how assets shall be distributed in liquidation, and, in addition, either:
a. That the association shall have capital stock; the classes, par value and authorized number of shares of each class thereof; how shares shall be issued and paid for; and what rights, limitations, conditions and restrictions pertain to the stock, which shall be alike as to all stock of the same class; or
b. That the association shall have no capital stock, and what limitations, conditions, restrictions and rights pertain to membership; and if the rights are unequal, the rules respecting them shall be specifically stated.
7. The date of the first regular meeting of members.
8. The name and street address of the association’s initial registered agent.
[C35, §8512-g40; C39, §8512.40; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.40]
93 Acts, ch 126, §15; 97 Acts, ch 17, §6
Referred to in §499.42
Structure Iowa Code
Chapter 499 - COOPERATIVE ASSOCIATIONS
Section 499.3 - Dealing with nonmembers.
Section 499.4 - Use of term “cooperative” restricted.
Section 499.5 - Permissible organizers.
Section 499.5A - Water utilities — members of federated associations.
Section 499.8 - Contracts authorized.
Section 499.9 - Penalties — performance — injunction — arbitration.
Section 499.10 - Cooperative agreements.
Section 499.11 - Legality declared.
Section 499.12 - Exemption of private property.
Section 499.13 - Membership — eligibility.
Section 499.14 - Membership in nonstock associations.
Section 499.14A - Electric cooperative association memberships.
Section 499.15 - Certificates of membership or stock.
Section 499.16 - Subscriptions — stock or membership.
Section 499.17 - Transfer of stock or membership.
Section 499.18 - Expulsion of members.
Section 499.19 - Cancellation of membership or stock.
Section 499.20 - Withdrawal of members.
Section 499.21 - Obligations not affected.
Section 499.22 - Capital stock.
Section 499.23 - Dividends on common stock.
Section 499.24 - Preferred stock.
Section 499.25 - Issuing preferred stock in purchases.
Section 499.26 - Service charges.
Section 499.27A - Remote participation in meetings of members.
Section 499.28 - Number of votes.
Section 499.29 - Manner of voting.
Section 499.30 - Distribution of earnings.
Section 499.30A - Reversion of disbursements.
Section 499.31 - Control of allocation by members.
Section 499.32 - Patronage dividends of subscribers.
Section 499.33 - Use of revolving fund.
Section 499.34 - Patronage dividend certificates.
Section 499.35 - Time of payment.
Section 499.36A - Standards of conduct for directors.
Section 499.37A - Standards of conduct for officers.
Section 499.38 - Removal of officers and directors.
Section 499.41A - Greater voting or quorum requirements.
Section 499.43 - Existing corporations — option.
Section 499.43A - Existing cooperatives organized under chapter 497 or 498 — conversion option.
Section 499.43B - Existing cooperatives organized under chapter 490 or 491 — option.
Section 499.44 - Execution and filing of documents.
Section 499.44A - Secretary of state — extra services — surcharge.
Section 499.47B - Sale or other disposition of assets other than in regular course of business.
Section 499.47C - Sale or other disposition of assets in exchange for common stock.
Section 499.47D - Consideration of acquisition proposals — community interests.
Section 499.48 - Distribution in liquidation.
Section 499.49 - Biennial report.
Section 499.50 - Notice of delinquent reports.
Section 499.53 - Quo warranto.
Section 499.54 - Foreign associations.
Section 499.55 - Individual exemptions applicable.
Section 499.56 - Conflicting laws.
Section 499.57 - State powers.
Section 499.59 - Personal liability.
Section 499.59A - Indemnification.
Section 499.60 - Chapters inapplicable.
Section 499.63 - Consolidation.
Section 499.64 - Vote of members.
Section 499.65 - Objection of members — purchase of shares upon demand.
Section 499.66 - Value determined.
Section 499.67 - Articles of merger or consolidation.
Section 499.68 - When effective — effect.
Section 499.69 - Foreign and domestic mergers or consolidations.
Section 499.69A - Qualified mergers.
Section 499.70 - Abandonment before filing.
Section 499.71 - Other laws applicable.
Section 499.72 - Registered office and registered agent.
Section 499.73 - Change of registered office or registered agent.
Section 499.73A - Change of principal office.
Section 499.74 - Resignation of registered agent.
Section 499.75 - Service on association.
Section 499.76 - Grounds for administrative dissolution.
Section 499.77 - Procedure for and effect of administrative dissolution.
Section 499.78 - Reinstatement following administrative dissolution.
Section 499.78A - Appeal from denial of reinstatement.
Section 499.79 - Statement to estate of members and stockholders.