Iowa Code 490.1109 – Qualified merger — corporation and cooperative association
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Terms Used In Iowa Code 490.1109
- Cooperative association: means an entity that is structured and operated on a cooperative basis pursuant to 26 U. See Iowa Code 490.140
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A corporation and a cooperative association organized under chapter 499 may merge as provided in section 499.69A.