Iowa Code § 500.3
Applicability of chapter
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2014
As of January 1, 2012
The provisions of this chapter shall apply:
The provisions of this chapter shall apply:
1. To corporations organized under the provisions of chapter 497.
1. To corporations organized under the provisions of chapter 497.
2. To other incorporated associations or companies organized without capital stock, not for pecuniary profit and for the mutual benefit of their members.
2. a. To other incorporated associations or companies organized without capital stock, not for pecuniary profit and for the mutual benefit of their members.
For purposes of this subsection, “not for pecuniary profit” includes but is not necessarily limited to an incorporated association organized to assist its members to make profits for themselves as producers by the means authorized in section 500.1, but not to make income or profit for distribution to its members, directors, or officers, except as provided in chapter 504.
b. For purposes of this subsection, “not for pecuniary profit” includes but is not necessarily limited to an incorporated association organized to assist its members to make profits for themselves as producers by the means authorized in section 500.1, but not to make income or profit for distribution to its members, directors, or officers, except as provided in chapter 504.
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.