499.4  Use of term "cooperative" restricted.

No person or firm, and no corporation hereafter organized, which is not an association as defined in this chapter or a cooperative as defined in chapter 501, shall use the word "cooperative" or any abbreviation thereof in its name or advertising or in any connection with its business, except foreign associations admitted under section 499.54. The attorney general or any association or any member thereof may sue and enjoin such use.

This chapter does not control the use of fictitious names; however, if a cooperative association or a foreign cooperative association uses a fictitious name in this state, it shall deliver to the secretary of state for filing a copy of the resolution of its board of directors, certified by its secretary, adopting the fictitious name.

Section History: Early form

  [C35, § 8512-g4; C39, § 8512.04; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 499.4]

Section History: Recent form

  97 Acts, ch 23, §56; 2001 Acts, ch 12, §2, 6


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