Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 501 - CLOSED COOPERATIVES

Section 501.101 - Definitions. - 501.101 Definitions. As used in this chapter, unless the context...

Section 501.102 - Purposes and powers. - 501.102 Purposes and powers. 1. A cooperative organized under this...

Section 501.103 - Permissible members — limited farming activities. - 501.103 Permissible members — limited farming activities. 1. Notwithstanding section...

Section 501.104 - Name. - 501.104 Name. The name of a cooperative organized under this...

Section 501.105 - Execution and filing of documents. - 501.105 Execution and filing of documents. 1. The secretary of...

Section 501.105A - Secretary of state — extra services — surcharge. - 501.105A Secretary of state — extra services — surcharge. Upon...

Section 501.106 - Registered office and registered agent. - 501.106 Registered office and registered agent. 1. A cooperative must...

Section 501.107 - 501.107 Repealed by 98 Acts, ch 1152, §68, 69. See...

Section 501.108 - Quo warranto. - 501.108 Quo warranto. The attorney general alone shall have the...

Section 501.201 - Cooperative formation. - 501.201 Cooperative formation. Three or more individuals may organize a...

Section 501.202 - Documents of organization. - 501.202 Documents of organization. 1. The initial articles must set...

Section 501.203 - Amended and restated documents of organization. - 501.203 Amended and restated documents of organization. 1. A cooperative...

Section 501.204 - Bylaws. - 501.204 Bylaws. The board may adopt or amend the cooperative’s...

Section 501.301 - Liability of members. - 501.301 Liability of members. A member is not personally liable...

Section 501.302 - Calling and notice of meetings. - 501.302 Calling and notice of meetings. 1. A cooperative shall...

Section 501.303 - Conduct of meetings. - 501.303 Conduct of meetings. 1. Only those issues included in...

Section 501.303A - Remote participation in meetings of members. - 501.303A Remote participation in meetings of members. 1. Members of...

Section 501.304 - Member information. - 501.304 Member information. 1. Within ten days from receiving a...

Section 501.305 - Multiple membership prohibited. - 501.305 Multiple membership prohibited. A person who is a member...

Section 501.306 - Number of votes. - 501.306 Number of votes. A person who is a member...

Section 501.307 - Financial information. - 501.307 Financial information. The cooperative shall make available financial information...

Section 501.401 - Number and election. - 501.401 Number and election. 1. The affairs of a cooperative...

Section 501.402 - Vacancies. - 501.402 Vacancies. 1. A director may resign at any time...

Section 501.403 - Board action. - 501.403 Board action. 1. The board may hold regular or...

Section 501.404 - Director conflict of interest. - 501.404 Director conflict of interest. 1. A conflict of interest...

Section 501.405 - Officers. - 501.405 Officers. A cooperative shall have officers described in its...

Section 501.406 - Standards of conduct. - 501.406 Standards of conduct. 1. A director or officer shall...

Section 501.407 - Personal liability — indemnification. - 501.407 Personal liability — indemnification. 1. The articles may contain...

Section 501.408 - 501.408 Repealed by 98 Acts, ch 1152, §68, 69. See...

Section 501.411 - Definitions. - 501.411 Definitions. As used in this part, unless the context...

Section 501.412 - Permissible indemnification. - 501.412 Permissible indemnification. 1. Except as otherwise provided in this...

Section 501.413 - Mandatory indemnification. - 501.413 Mandatory indemnification. A cooperative shall indemnify a director who...

Section 501.414 - Advance for expenses. - 501.414 Advance for expenses. 1. A cooperative may, before final...

Section 501.415 - Court-ordered indemnification. - 501.415 Court-ordered indemnification. 1. A director who is a party...

Section 501.416 - Determination and authorization of indemnification. - 501.416 Determination and authorization of indemnification. 1. A cooperative shall...

Section 501.417 - Indemnification of officers. - 501.417 Indemnification of officers. 1. A cooperative may indemnify and...

Section 501.418 - Insurance. - 501.418 Insurance. A cooperative may purchase and maintain insurance on...

Section 501.419 - Variation by corporate action — application of this part. - 501.419 Variation by corporate action — application of this part....

Section 501.420 - Exclusivity. - 501.420 Exclusivity. A cooperative may provide indemnification or advance expenses...

Section 501.501 - Issuance and transfer of interests. - 501.501 Issuance and transfer of interests. 1. A cooperative may...

Section 501.502 - Termination of membership. - 501.502 Termination of membership. 1. A membership shall terminate upon...

Section 501.503 - Distribution of net savings. - 501.503 Distribution of net savings. The board shall annually dispose...

Section 501.601 - Existing associations. - 501.601 Existing associations. 1. As used in this section: a....

Section 501.602 - 501.602 Repealed by 98 Acts, ch 1152, §68, 69. See...

Section 501.603 - Sale of assets. - 501.603 Sale of assets. 1. A cooperative may, on the...

Section 501.604 - 501.604 Repealed by 98 Acts, ch 1152, §68, 69. See...

Section 501.611 - Definitions. - 501.611 Definitions. When used in this part, unless the context...

Section 501.612 - Merger. - 501.612 Merger. Any two or more cooperatives may merge into...

Section 501.613 - Consolidation. - 501.613 Consolidation. Any two or more cooperatives may be consolidated...

Section 501.614 - Vote of members. - 501.614 Vote of members. 1. The board of directors of...

Section 501.615 - Objection of members — purchase of interests upon demand. - 501.615 Objection of members — purchase of interests upon demand....

Section 501.616 - Value determined. - 501.616 Value determined. 1. Within twenty days after the merger...

Section 501.617 - Articles of merger or consolidation. - 501.617 Articles of merger or consolidation. 1. Upon approval, articles...

Section 501.618 - Effective date — effect. - 501.618 Effective date — effect. A merger or consolidation shall...

Section 501.619 - Abandonment before filing. - 501.619 Abandonment before filing. At any time prior to the...

Section 501.701 - Records. - 501.701 Records. 1. A cooperative shall keep as permanent records...

Section 501.702 - Inspection of records by interest holders. - 501.702 Inspection of records by interest holders. 1. An interest...

Section 501.703 - Scope of inspection right. - 501.703 Scope of inspection right. 1. An interest holder’s agent...

Section 501.704 - Court-ordered inspection. - 501.704 Court-ordered inspection. 1. If a cooperative does not allow...

Section 501.711 - Financial statements for interest holders. - 501.711 Financial statements for interest holders. A cooperative shall prepare...

Section 501.712 - Other reports to interest holders. - 501.712 Other reports to interest holders. 1. If a cooperative...

Section 501.713 - Biennial report for secretary of state. - 501.713 Biennial report for secretary of state. 1. Each cooperative...

Section 501.801 - Dissolution by organizers or initial directors. - 501.801 Dissolution by organizers or initial directors. A majority of...

Section 501.802 - Dissolution by board of directors and members. - 501.802 Dissolution by board of directors and members. 1. A...

Section 501.803 - Articles of dissolution. - 501.803 Articles of dissolution. 1. At any time after dissolution...

Section 501.804 - Revocation of dissolution. - 501.804 Revocation of dissolution. 1. A cooperative may revoke its...

Section 501.805 - Effect of dissolution. - 501.805 Effect of dissolution. 1. A dissolved cooperative continues its...

Section 501.806 - Distribution of assets. - 501.806 Distribution of assets. Upon the cooperative’s dissolution, the cooperative’s...

Section 501.807 - Known claims against dissolved cooperative. - 501.807 Known claims against dissolved cooperative. 1. A dissolved cooperative...

Section 501.808 - Unknown claims against dissolved cooperative. - 501.808 Unknown claims against dissolved cooperative. 1. A dissolved cooperative...

Section 501.811 - Grounds for administrative dissolution. - 501.811 Grounds for administrative dissolution. The secretary of state may...

Section 501.812 - Procedure for and effect of administrative dissolution. - 501.812 Procedure for and effect of administrative dissolution. 1. If...

Section 501.813 - Reinstatement following administrative dissolution. - 501.813 Reinstatement following administrative dissolution. 1. A cooperative administratively dissolved...

Section 501.814 - Appeal from denial of reinstatement. - 501.814 Appeal from denial of reinstatement. 1. If the secretary...

Section 501.821 - Grounds for judicial dissolution. - 501.821 Grounds for judicial dissolution. The district court may dissolve...

Section 501.822 - Procedure for judicial dissolution. - 501.822 Procedure for judicial dissolution. 1. Venue for a proceeding...

Section 501.823 - Receivership or custodianship. - 501.823 Receivership or custodianship. 1. A court in a judicial...

Section 501.824 - Decree of dissolution. - 501.824 Decree of dissolution. 1. If after a hearing the...

Section 501.831 - Deposit with state treasurer. - 501.831 Deposit with state treasurer. Assets of a dissolved cooperative...

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Iowa Code Title XII - BUSINESS ENTITIES Chapter 501 - CLOSED COOPERATIVES

Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 501 - CLOSED COOPERATIVES