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Iowa Cooperative Associations Act

Iowa · Cooperative Associations Act · §§ 501A.1001 to 501A.906 · 101 sections

Overview

This act supplies the statutory framework for cooperative associations, covering how members and other contributors put capital into the cooperative and how the resulting economic rights are defined, valued, and enforced. Its core mechanisms are contribution and contribution-rights agreements, rules for allocating and distributing profits, losses, net income, cash, and other assets, and member control agreements that let members privately order governance among themselves. It also governs the cooperative's structural changes and its end — merger, consolidation, and conversion into the form the act provides, plus voluntary, court-supervised, involuntary, and administrative dissolution with winding up, receivership, and the presentation and barring of claims — all carried out through documents filed with the secretary of state under prescribed signature, fee, effective-date, and correction procedures.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Enacted in other states

Minnesota, Wisconsin

All Iowa named statutes →

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