§ 498.1 Nature
§ 498.2 Purposes of cooperative — limitation
§ 498.3 Terms defined — products of nonmembers
§ 498.4 Articles — personal liability
§ 498.5 Filing — certificate of incorporation
§ 498.6 Fees
§ 498.7 Amendments
§ 498.8 Board of directors — removals
§ 498.9 Officers
§ 498.10 Admission of members
§ 498.11 Membership certificates
§ 498.12 Certificates nontransferable — surrender
§ 498.13 Automatic cancellation — revocation
§ 498.14 Conditions printed on certificates
§ 498.15 Combinations of local associations
§ 498.16 Powers of central associations
§ 498.17 Voting power
§ 498.18 Proxies — voting by mail
§ 498.19 Power to compel sales and purchases — liquidated damages
§ 498.20 Financial power
§ 498.21 Personal liability
§ 498.22 Cost of service — dues
§ 498.23 Reserve and educational funds — patronage dividends
§ 498.24 Biennial report — penalty
§ 498.25 Exemption from report
§ 498.26 List of delinquents
§ 498.27 Notice to delinquents
§ 498.28 Cancellation
§ 498.29 Effect of cancellation
§ 498.30 Reinstatement of corporation
§ 498.31 Chapter extended to former associations
§ 498.32 Use of term “cooperative” — injunction
§ 498.33 Use of funds — promotion expenses
§ 498.34 Duration of incorporation — renewal
§ 498.35 Personal liability
§ 498.36 Indemnification
§ 498.37 Statement to estate of stockholder
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Terms Used In Iowa Code > Chapter 498 - Nonprofit Cooperative Associations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Executor: A male person named in a will to carry out the decedent
  • executor: includes administrator, and the term "administrator" includes executor, where the subject matter justifies such use. See Iowa Code 4.1
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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
  • Livestock: includes but is not limited to an animal classified as an ostrich, rhea, or emu. See Iowa Code 4.1
  • month: means a calendar month, and the word "year" and the abbreviation "A. See Iowa Code 4.1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • 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
  • year: means twelve consecutive months. See Iowa Code 4.1