House Journal: Page 868: Tuesday, March 19, 2002
21 who wishes to exercise appraisal rights must execute
22 and return the form and, in a case of certificated
23 shares, deposit the shareholder's certificates in".
24 34. Page 83, by striking lines 5 through 8, and
25 inserting the following:
26 "2. The shareholder who demands payment and
27 deposits the shareholder's shares under subsection 1
28 retains all other rights of a shareholder until these
29 rights are canceled or modified by the taking of the
30 proposed corporate action. A".
31 35. Page 83, line 29, by inserting after the
32 figure "(2)," the following: "is due,".
33 36. Page 86, line 33, by striking the word
34 "unsettled" and inserting the following:
35 "unsettled,".
36 37. Page 92, line 3, by inserting before the
37 words "the assets" the following: "if".
38 38. Page 94, line 29, by striking the word "may"
39 and inserting the following: "shall".
40 39. Page 98, by inserting after line 31 the
41 following:
42 "Sec. . Section 491.3, subsection 8, Code 2001,
43 is amended to read as follows:
44 8. A corporation organized under or subject to
45 this chapter may make indemnification as provided in
46 sections 490.850 through 490.858 490.859.
47 Sec. . Section 491.16, Code 2001, is amended to
48 read as follows:
49 491.16 INDEMNIFICATION OF OFFICERS, DIRECTORS,
50 EMPLOYEES, AND AGENTS - INSURANCE.
Page 5
1 Sections 490.850 through 490.858 490.859 apply to
2 corporations organized under or subject to this
3 chapter.
4 Sec. . Section 497.34, Code 2001, is amended to
5 read as follows:
6 497.34 INDEMNIFICATION.
7 A cooperative association operating under this
8 chapter may indemnify any present or former director,
9 officer, employee, member, or volunteer in the manner
10 and in the instances authorized in sections 490.850
11 through 490.858 490.859, provided that where sections
12 490.850 through 490.858 490.859 provide for action by
13 shareholders the sections are applicable to action by
14 voting members of the cooperative association, and
15 where sections 490.850 through 490.858 490.859 refer
16 to the corporation organized under chapter 490 the
17 sections are applicable to the cooperative association
18 organized under this chapter, and where sections
19 490.850 through 490.858 490.859 refer to the director
© 2002 Cornell College and
League of Women Voters of Iowa
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