Iowa Code
Chapter 499 - COOPERATIVE ASSOCIATIONS
Section 499.6 - Purposes.

499.6 Purposes.
A cooperative association may be organized under this chapter for any lawful purpose or purposes.
[C35, §8512-g6; C39, §8512.06; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.6]
88 Acts, ch 1026, §2; 88 Acts, ch 1172, §5

Structure Iowa Code

Iowa Code

Title XII - BUSINESS ENTITIES

Chapter 499 - COOPERATIVE ASSOCIATIONS

Section 499.1 - Applicable.

Section 499.2 - Definitions.

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 499.6 - Purposes.

Section 499.7 - Powers.

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 499.27 - Meetings.

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 499.36 - Directors.

Section 499.36A - Standards of conduct for directors.

Section 499.37 - Officers.

Section 499.37A - Standards of conduct for officers.

Section 499.38 - Removal of officers and directors.

Section 499.39 - Referendum.

Section 499.40 - Articles.

Section 499.41 - Amendments.

Section 499.41A - Greater voting or quorum requirements.

Section 499.42 - Renewal.

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 499.45 - Fees.

Section 499.46 - Bylaws.

Section 499.47 - Dissolution.

Section 499.47A - Sale or other disposition of assets in regular course of business and mortgage or pledge of assets.

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 499.51

Section 499.52

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 499.61 - Definitions.

Section 499.62 - Merger.

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.

Section 499.80 - Member information.