The involuntary or supervised voluntary dissolution of a cooperative may be discontinued at any time during the dissolution proceedings if it is established that cause for dissolution does not exist. The court shall dismiss the proceedings and direct the receiver, if any, to redeliver to the cooperative its remaining property and assets.
Iowa Code § 501A.1212
Discontinuance of court-supervised dissolution proceedings
Known as the Iowa Cooperative Associations Act
The act spans §§ 501A.1001 to 501A.906 (101 sections).
2005 Acts, ch 135, §96
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.