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Iowa Code

I

General Provisions

499.1Applicable 499.2Definitions 499.3Dealing with nonmembers 499.4Use of term “cooperative” restricted 499.5Permissible organizers 499.5AWater utilities — members of federated associations 499.6Purposes 499.7Powers 499.8Contracts authorized 499.9Penalties — performance — injunction — arbitration 499.10Cooperative agreements 499.11Legality declared 499.12Exemption of private property 499.13Membership — eligibility 499.14Membership in nonstock associations 499.14AElectric cooperative association memberships 499.15Certificates of membership or stock 499.16Subscriptions — stock or membership 499.17Transfer of stock or membership 499.18Expulsion of members 499.19Cancellation of membership or stock 499.20Withdrawal of members 499.21Obligations not affected 499.22Capital stock 499.23Dividends on common stock 499.24Preferred stock 499.25Issuing preferred stock in purchases 499.26Service charges 499.27Meetings 499.27ARemote participation in meetings of members 499.28Number of votes 499.29Manner of voting 499.30Distribution of earnings 499.30AReversion of disbursements 499.31Control of allocation by members 499.32Patronage dividends of subscribers 499.33Use of revolving fund 499.34Patronage dividend certificates 499.35Time of payment 499.36Directors 499.36AStandards of conduct for directors 499.37Officers 499.37AStandards of conduct for officers 499.38Removal of officers and directors 499.39Referendum 499.40Articles 499.41Amendments 499.41AGreater voting or quorum requirements 499.42Renewal 499.43AExisting cooperatives organized under chapter 497 or 498 — conversion option 499.43BExisting cooperatives organized under chapter 490 or 491 — option 499.44Execution and filing of documents 499.44ASecretary of state — extra services — surcharge 499.45Fees 499.46Bylaws 499.47Dissolution 499.47ASale or other disposition of assets in regular course of business and mortgage or pledge of assets 499.47BSale or other disposition of assets other than in regular course of business 499.47CSale or other disposition of assets in exchange for common stock 499.47DConsideration of acquisition proposals — community interests 499.48Distribution in liquidation 499.49Biennial report 499.53Quo warranto 499.54Foreign associations 499.55Individual exemptions applicable 499.56Conflicting laws 499.57State powers 499.59Personal liability 499.59AIndemnification 499.60Chapters inapplicable