Iowa Code ch. 498 – Nonprofit Cooperative Associations | Midpage

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Chapter 498

Iowa Code ch. 498

Nonprofit Cooperative Associations

498.1Nature 498.2Purposes of cooperative — limitation 498.3Terms defined — products of nonmembers 498.4Articles — personal liability 498.5Filing — certificate of incorporation 498.6Fees 498.7Amendments 498.8Board of directors — removals 498.9Officers 498.10Admission of members 498.11Membership certificates 498.12Certificates nontransferable — surrender 498.13Automatic cancellation — revocation 498.14Conditions printed on certificates 498.15Combinations of local associations 498.16Powers of central associations 498.17Voting power 498.18Proxies — voting by mail 498.19Power to compel sales and purchases — liquidated damages 498.20Financial power 498.21Personal liability 498.22Cost of service — dues 498.23Reserve and educational funds — patronage dividends 498.24Biennial report — penalty 498.25Exemption from report 498.26List of delinquents 498.27Notice to delinquents 498.28Cancellation 498.29Effect of cancellation 498.30Reinstatement of corporation 498.31Chapter extended to former associations 498.32Use of term “cooperative” — injunction 498.33Use of funds — promotion expenses 498.34Duration of incorporation — renewal 498.35Personal liability 498.36Indemnification 498.37Statement to estate of stockholder