499A.8 Reorganizing after expiration of term.
When the term of a cooperative organized under this chapter has expired, but the organization has continued to act as such cooperative, the directors or members thereof may reorganize, and the property and rights therein shall vest in the reorganized cooperative for the use and benefit of all of the members in the original cooperative.
[C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.8]
91 Acts, ch 30, §16
Structure Iowa Code
Chapter 499A - MULTIPLE HOUSING
Section 499A.2 - Powers — duration.
Section 499A.3A - Meetings of members.
Section 499A.3B - Notice of members meetings.
Section 499A.7 - Reorganizing prior to expiration of term.
Section 499A.8 - Reorganizing after expiration of term.
Section 499A.9 - Amendments of articles.
Section 499A.10 - Record — effect.
Section 499A.11 - Ownership — certificate of membership.
Section 499A.18A - Upkeep of the cooperative.
Section 499A.19 - Election of directors.
Section 499A.22 - Lien for assessments.
Section 499A.23 - Effect of documents and instruments.
Section 499A.25 - Title of Act.
Section 499A.101 - Definitions.
Section 499A.102 - Local housing authority.
Section 499A.103 - Low-income participants.
Section 499A.104 - Sweat equity housing cooperative association.
Section 499A.105 - Association financing.
Section 499A.106 - Reimbursement of sweat equity contribution.