Purposes of cooperative
Applied in 1 court decision — leading case Dolphin Residential Cooperative, Inc. v. Iowa City Board of Review (2015)
Most recently applied in Dolphin Residential Cooperative, Inc. v. Iowa City Board of Review (May 2015)
[SS15, §1641-r1; C24, 27, 31, 35, 39, §8459; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §497.1]
Any number of persons, not less than five, may associate themselves as a cooperative association, society, company, or exchange, for the purpose of conducting any agricultural, dairy, ethanol production, mercantile, mining, manufacturing, or mechanical business on the cooperative plan. For the purposes of this chapter, the words “association”, “company”, “corporation”, “exchange”, “society”, or “union”, shall be construed to mean the same.
92 Acts, ch 1099, §7
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.