Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 499.1 - Applicable. - 499.1 Applicable. This chapter applies only to cooperative associations as...
Section 499.2 - Definitions. - 499.2 Definitions. As used in this chapter, unless the context...
Section 499.3 - Dealing with nonmembers. - 499.3 Dealing with nonmembers. 1. A nonstock livestock shipping association...
Section 499.4 - Use of term “cooperative” restricted. - 499.4 Use of term “cooperative” restricted. 1. A person including...
Section 499.5 - Permissible organizers. - 499.5 Permissible organizers. 1. Five or more individuals, or two...
Section 499.5A - Water utilities — members of federated associations. - 499.5A Water utilities — members of federated associations. Notwithstanding section...
Section 499.6 - Purposes. - 499.6 Purposes. A cooperative association may be organized under this...
Section 499.7 - Powers. - 499.7 Powers. Except as expressly limited in its articles, each...
Section 499.8 - Contracts authorized. - 499.8 Contracts authorized. An agricultural association may contract with any...
Section 499.9 - Penalties — performance — injunction — arbitration. - 499.9 Penalties — performance — injunction — arbitration. 1. a....
Section 499.10 - Cooperative agreements. - 499.10 Cooperative agreements. Any association may make any agreement or...
Section 499.11 - Legality declared. - 499.11 Legality declared. No association, contract, method or act which...
Section 499.12 - Exemption of private property. - 499.12 Exemption of private property. The private property of the...
Section 499.13 - Membership — eligibility. - 499.13 Membership — eligibility. A membership or share of common...
Section 499.14 - Membership in nonstock associations. - 499.14 Membership in nonstock associations. Membership in associations without capital...
Section 499.14A - Electric cooperative association memberships. - 499.14A Electric cooperative association memberships. An electric cooperative association may...
Section 499.15 - Certificates of membership or stock. - 499.15 Certificates of membership or stock. The association may issue...
Section 499.16 - Subscriptions — stock or membership. - 499.16 Subscriptions — stock or membership. If permitted by the...
Section 499.17 - Transfer of stock or membership. - 499.17 Transfer of stock or membership. No common stock shall...
Section 499.18 - Expulsion of members. - 499.18 Expulsion of members. The directors may expel any member...
Section 499.19 - Cancellation of membership or stock. - 499.19 Cancellation of membership or stock. If a common stockholder...
Section 499.20 - Withdrawal of members. - 499.20 Withdrawal of members. The articles may permit and regulate...
Section 499.21 - Obligations not affected. - 499.21 Obligations not affected. The death, expulsion or withdrawal of...
Section 499.22 - Capital stock. - 499.22 Capital stock. An association with capital stock may divide...
Section 499.23 - Dividends on common stock. - 499.23 Dividends on common stock. Unless the articles provide that...
Section 499.24 - Preferred stock. - 499.24 Preferred stock. Preferred stock shall bear cumulative or noncumulative...
Section 499.25 - Issuing preferred stock in purchases. - 499.25 Issuing preferred stock in purchases. An association may discharge...
Section 499.26 - Service charges. - 499.26 Service charges. Unless the articles otherwise provide, the bylaws...
Section 499.27 - Meetings. - 499.27 Meetings. 1. Regular meetings of members shall be held...
Section 499.27A - Remote participation in meetings of members. - 499.27A Remote participation in meetings of members. 1. Members of...
Section 499.28 - Number of votes. - 499.28 Number of votes. No member may own more than...
Section 499.29 - Manner of voting. - 499.29 Manner of voting. A vote shall not be cast...
Section 499.30 - Distribution of earnings. - 499.30 Distribution of earnings. The directors shall annually dispose of...
Section 499.30A - Reversion of disbursements. - 499.30A Reversion of disbursements. 1. As used in this section,...
Section 499.31 - Control of allocation by members. - 499.31 Control of allocation by members. The members may at...
Section 499.32 - Patronage dividends of subscribers. - 499.32 Patronage dividends of subscribers. Patronage dividends to subscribers whose...
Section 499.33 - Use of revolving fund. - 499.33 Use of revolving fund. 1. The directors may use...
Section 499.34 - Patronage dividend certificates. - 499.34 Patronage dividend certificates. If its articles or bylaws so...
Section 499.35 - Time of payment. - 499.35 Time of payment. Credits or certificates referred to in...
Section 499.36 - Directors. - 499.36 Directors. 1. The affairs of each association shall be...
Section 499.36A - Standards of conduct for directors. - 499.36A Standards of conduct for directors. 1. A director shall...
Section 499.37 - Officers. - 499.37 Officers. 1. The board of directors of the association...
Section 499.37A - Standards of conduct for officers. - 499.37A Standards of conduct for officers. 1. An officer, when...
Section 499.38 - Removal of officers and directors. - 499.38 Removal of officers and directors. At any meeting called...
Section 499.39 - Referendum. - 499.39 Referendum. If provided for in the articles of incorporation,...
Section 499.40 - Articles. - 499.40 Articles. Articles of incorporation must be signed and acknowledged...
Section 499.41 - Amendments. - 499.41 Amendments. 1. Notwithstanding the provisions of the articles of...
Section 499.41A - Greater voting or quorum requirements. - 499.41A Greater voting or quorum requirements. An amendment to the...
Section 499.42 - Renewal. - 499.42 Renewal. 1. An association may extend its duration perpetually,...
Section 499.43 - Existing corporations — option. - 499.43 Existing corporations — option. Repealed by 2006 Acts, ch...
Section 499.43A - Existing cooperatives organized under chapter 497 or 498 — conversion option. - 499.43A Existing cooperatives organized under chapter 497 or 498 —...
Section 499.43B - Existing cooperatives organized under chapter 490 or 491 — option. - 499.43B Existing cooperatives organized under chapter 490 or 491 —...
Section 499.44 - Execution and filing of documents. - 499.44 Execution and filing of documents. 1. The secretary of...
Section 499.44A - Secretary of state — extra services — surcharge. - 499.44A Secretary of state — extra services — surcharge. Upon...
Section 499.45 - Fees. - 499.45 Fees. 1. A fee of twenty dollars shall be...
Section 499.46 - Bylaws. - 499.46 Bylaws. The directors, by a vote of seventy-five percent...
Section 499.47 - Dissolution. - 499.47 Dissolution. 1. An association whose duration has expired, or...
Section 499.47A - Sale or other disposition of assets in regular course of business and mortgage or pledge of assets. - 499.47A Sale or other disposition of assets in regular course...
Section 499.47B - Sale or other disposition of assets other than in regular course of business. - 499.47B Sale or other disposition of assets other than in...
Section 499.47C - Sale or other disposition of assets in exchange for common stock. - 499.47C Sale or other disposition of assets in exchange for...
Section 499.47D - Consideration of acquisition proposals — community interests. - 499.47D Consideration of acquisition proposals — community interests. 1. A...
Section 499.48 - Distribution in liquidation. - 499.48 Distribution in liquidation. 1. On dissolution or liquidation, the...
Section 499.49 - Biennial report. - 499.49 Biennial report. Section 504.1613 applies to a cooperative organized...
Section 499.50 - Notice of delinquent reports. - 499.50 Notice of delinquent reports. Repealed by 97 Acts, ch...
Section 499.51 - 499.51 Repealed by 93 Acts, ch 126, §35.
Section 499.52 - 499.52 Repealed by 93 Acts, ch 126, §35.
Section 499.53 - Quo warranto. - 499.53 Quo warranto. The right of an association to exist...
Section 499.54 - Foreign associations. - 499.54 Foreign associations. 1. Any foreign corporation organized under generally...
Section 499.55 - Individual exemptions applicable. - 499.55 Individual exemptions applicable. All exemptions or privileges applying to...
Section 499.56 - Conflicting laws. - 499.56 Conflicting laws. Any law conflicting with any part of...
Section 499.57 - State powers. - 499.57 State powers. The state reserves the right to modify,...
Section 499.59 - Personal liability. - 499.59 Personal liability. Except as otherwise provided in this chapter,...
Section 499.59A - Indemnification. - 499.59A Indemnification. A cooperative association operating under this chapter may...
Section 499.60 - Chapters inapplicable. - 499.60 Chapters inapplicable. The provisions of chapters 497 and 498...
Section 499.61 - Definitions. - 499.61 Definitions. When used in this subchapter, unless the context...
Section 499.62 - Merger. - 499.62 Merger. 1. Any two or more cooperative associations may...
Section 499.63 - Consolidation. - 499.63 Consolidation. 1. Any two or more cooperative associations may...
Section 499.64 - Vote of members. - 499.64 Vote of members. 1. The board of directors of...
Section 499.65 - Objection of members — purchase of shares upon demand. - 499.65 Objection of members — purchase of shares upon demand....
Section 499.66 - Value determined. - 499.66 Value determined. 1. As used in this section: a....
Section 499.67 - Articles of merger or consolidation. - 499.67 Articles of merger or consolidation. 1. Upon approval, articles...
Section 499.68 - When effective — effect. - 499.68 When effective — effect. A merger or consolidation shall...
Section 499.69 - Foreign and domestic mergers or consolidations. - 499.69 Foreign and domestic mergers or consolidations. 1. One or...
Section 499.69A - Qualified mergers. - 499.69A Qualified mergers. 1. One or more cooperative associations and...
Section 499.70 - Abandonment before filing. - 499.70 Abandonment before filing. At any time prior to the...
Section 499.71 - Other laws applicable. - 499.71 Other laws applicable. The provisions of this subchapter shall...
Section 499.72 - Registered office and registered agent. - 499.72 Registered office and registered agent. Each association must continuously...
Section 499.73 - Change of registered office or registered agent. - 499.73 Change of registered office or registered agent. 1. An...
Section 499.73A - Change of principal office. - 499.73A Change of principal office. An association may change its...
Section 499.74 - Resignation of registered agent. - 499.74 Resignation of registered agent. 1. A registered agent may...
Section 499.75 - Service on association. - 499.75 Service on association. 1. An association’s registered agent is...
Section 499.76 - Grounds for administrative dissolution. - 499.76 Grounds for administrative dissolution. The secretary of state may...
Section 499.77 - Procedure for and effect of administrative dissolution. - 499.77 Procedure for and effect of administrative dissolution. 1. If...
Section 499.78 - Reinstatement following administrative dissolution. - 499.78 Reinstatement following administrative dissolution. 1. An association administratively dissolved...
Section 499.78A - Appeal from denial of reinstatement. - 499.78A Appeal from denial of reinstatement. 1. If the secretary...
Section 499.79 - Statement to estate of members and stockholders. - 499.79 Statement to estate of members and stockholders. 1. The...
Section 499.80 - Member information. - 499.80 Member information. 1. If a member of a cooperative...