SF 2310 (LSB 5968SV (3) 89)

RELATING TO MULTIPLE HOUSING COOPERATIVES, INCLUDING  BY PROVIDING FOR THE CONVERSION TO A COOPERATIVE UNDER THE  IOWA COOPERATIVE ASSOCIATIONS ACT AND MERGER WITH A LIMITED  LIABILITY COMPANY. 

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 489.102, subsection 6, Code 2022, is amended to read as follows:
   6.  “Domestic cooperative” means an entity organized on a cooperative basis under chapter 497, 498, or 499, a cooperative organized under chapter 499A, or a cooperative organized under chapter 501 or 501A.
    Sec. 2.  Section 501A.102, subsections 10 and 26, Code 2022, are amended to read as follows:
   10.  “Domestic cooperative” means a cooperative association or other cooperative organized under this chapter or chapter 497, 498, 499, 499A, or 501.
   26.  “Traditional cooperative” means a cooperative or 

cooperative association organized under chapter 497, 498, 499, 499A, or 501.

______________________________
JAKE CHAPMAN
President of the Senate

______________________________
PAT GRASSLEY
Speaker of the House

   I hereby certify that this bill originated in the Senate and is known as Senate File 2310, Eighty-ninth General Assembly.

______________________________
W. CHARLES SMITHSON
Secretary of the Senate

Approved _______________, 2022

______________________________
KIM REYNOLDS
Governor