501.202  Documents of organization.

1.  The initial articles must set forth all of the following:

a.  The name, address, and occupation of each organizer.

b.  The names and addresses of the initial directors.

c.  The street address of the cooperative's initial registered office and the name of its initial registered agent at that office.

2.  The articles must set forth all of the following:

a.  The name that satisfies the requirements of section 501.104.

b.  A statement that it is organized under this chapter.

c.  Its duration, which may be perpetual.

d.  The classes of interests and the authorized number of interests of each class.

e.  The quorum required for each member meeting.

f.  The member voting rules.

3.  The articles may set forth any other provision consistent with law.

Section History: Recent form

  96 Acts, ch 1010, §12; 98 Acts, ch 1152, §12, 13, 69


Previous Section 501.201

Next Section 501.203


Return To Home index


© 2004 Cornell College and League of Women Voters of Iowa


Comments about this site or page? webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.

Last update: Thu Jan 15 10:49:41 CST 2004
URL: /DOCS/IACODE/2003SUPPLEMENT/501/202.html
jhf