1. A cooperative organized under this chapter has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles.
2. Unless its articles provide otherwise, a cooperative has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary or convenient to carry out its business and affairs, including, without limitation, all of the powers enumerated in sections 490.302 and 490.303.
96 Acts, ch 1010, §4
Iowa General Assembly
Search: Iowa Code 1997
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