Iowa Code 499.76 – Grounds for administrative dissolution
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The secretary of state may commence a proceeding under section 499.77 to administratively dissolve an association if any of the following apply:
1. The association has not delivered a biennial report to the secretary of state in a form that meets the requirements of section 499.49, within sixty days after it is due.
Terms Used In Iowa Code 499.76
- Association: means a corporation formed under this chapter. See Iowa Code 499.2
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
2. The association is without a registered agent or registered office in this state for sixty days or more.
3. The association does not notify the secretary of state within sixty days that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued.
4. The association’s period of duration stated in its articles of incorporation expires.