Iowa Code 501A.1204 – Statute of limitations
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Terms Used In Iowa Code 501A.1204
- Cooperative: means a business association organized under this chapter. See Iowa Code 501A.102
- Secretary: means the secretary of state. See Iowa Code 501A.102
The claim of a creditor or claimant against a dissolving cooperative is barred if the claim has not been enforced by initiating legal, administrative, or arbitration proceedings concerning the claim by two years after the date the notice of intent to dissolve is filed with the secretary.