reglab/housing_qa huggingface dataset:
IA Code § 499A.3B (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.3B - Notice of members meetings.

499A.3B Notice of members meetings.   Unless the articles of incorporation or the bylaws otherwise provide, written notice stating the place, day, and hour of the meeting and, in the case of a special meeting, the purpose or purposes for which the meeting is called, shall be delivered no less than ten nor more than fifty days before the date of the meeting, either personally or by mail, by or at the direction of the president, the secretary, or the officer or persons calling the meeting, to each member entitled to vote at the meeting. If mailed, notice is deemed to be delivered when deposited in the United States mail addressed to the member at the member’s address as it appears on the records of the cooperative, with postage prepaid.  91 Acts, ch 30, §9
IA Code § 499A.3C (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.3C - Voting.

499A.3C Voting.   1. Each member is entitled to one vote on each matter submitted to a vote of the members. A membership interest in the cooperative jointly owned by two or more persons is nevertheless entitled to one vote.   2. A member entitled to vote may vote in person or by proxy in the manner prescribed in the bylaws.  91 Acts, ch 30, §10; 2018 Acts, ch 1041, §127
IA Code § 499A.4 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.4 - Dividends.

499A.4 Dividends.   A dividend or distribution of property among the members shall not be made until dissolution of the cooperative.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.4]  91 Acts, ch 30, §3
IA Code § 499A.7 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.7 - Reorganizing prior to expiration of term.

499A.7 Reorganizing prior to expiration of term.   The directors or members of any cooperative organized under this chapter may reorganize the cooperative, and all the property and rights of the cooperative shall vest in the cooperative as reorganized.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.7]  91 Acts, ch 30, §4
IA Code § 499A.8 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.8 - Reorganizing after expiration of term.

499A.8 Reorganizing after expiration of term.   When the term of a cooperative organized under this chapter has expired, but the organization has continued to act as such cooperative, the directors or members thereof may reorganize, and the property and rights therein shall vest in the reorganized cooperative for the use and benefit of all of the members in the original cooperative.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.8]  91 Acts, ch 30, §16
IA Code § 499A.9 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.9 - Amendments of articles.

499A.9 Amendments of articles.   Any cooperative organized under this chapter may change its name or amend its articles of incorporation by a vote of a majority of the members, in such manner as may be provided in its articles; but if no such provision is made in the articles the same may be amended at any regular meeting or special meeting called for that purpose by the president or secretary or a majority of the board of directors. Notice of any meeting at which it is proposed to amend the articles of incorporation, shall be given by mailing to each member at the member’s last known post office address at least ten days prior to such meeting, a notice signed by the secretary setting forth the proposed amendments in substance, or by two publications of said notice in some daily or weekly newspaper in general circulation in the county wherein said cooperative has its principal place of business. The last publication of said notice shall be not less than ten days prior to the date of said meeting. There shall be paid to the secretary of state at the time of the filing of such change or amendment a recording fee of fifty cents per page.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.9]  91 Acts, ch 30, §16  Referred to in §499A.10
IA Code § 499A.10 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.10 - Record — effect.

499A.10 Record — effect.   The change or amendment provided for in section 499A.9 shall be recorded as the original articles are recorded. From the date of filing such change or amendment for record, the provisions of said section having been complied with, the change or amendment shall take effect as a part of the original articles, and the cooperative thus constituted shall have the same rights, powers and franchises, be entitled to the same immunities, and liable upon all contracts to the same extent, as before such change or amendment.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.10]  91 Acts, ch 30, §16
IA Code § 499A.11 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.11 - Ownership — certificate of membership.

499A.11 Ownership — certificate of membership.   The cooperative has the right to purchase real estate for the purpose of erecting, owning, and operating apartment houses or apartment buildings. The interest of each individual member in the cooperative shall be evidenced by the issuance of a certificate of membership. The certificate of membership is coupled with a possessory interest in the real and personal property of the cooperative, entitling each member to a proprietary lease with the cooperative under which each member has an exclusive possessory interest in an apartment unit and a possessory interest in common with all other members in that portion of the cooperative’s real and personal property not constituting apartment units, and which creates a legal relationship of landlord and tenant between the cooperative and member. The certificate of membership shall be executed by the president of the cooperative and attested by its secretary in the name and in the behalf of the cooperative.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.11]  91 Acts, ch 30, §5
IA Code § 499A.14 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.14 - Taxation.

499A.14 Taxation.   The real estate shall be taxed in the name of the cooperative, and each member of the cooperative shall pay that member’s proportionate share of the tax in accordance with the proration formula set forth in the bylaws, and each member occupying an apartment as a residence shall receive that member’s proportionate homestead tax credit and each veteran of the military services of the United States identified as such under the laws of the state of Iowa or the United States shall receive as a credit that member’s veterans tax benefit as prescribed by the laws of the state of Iowa.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.14]  91 Acts, ch 30, §6  Homestead credit, chapter 425  Veterans exemption, §426A.11
IA Code § 499A.18 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.18 - Homestead.

499A.18 Homestead.   Each individual apartment constitutes a homestead and is exempt from execution, provided the member otherwise qualifies within the laws of the state of Iowa for such exemption.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.18]  91 Acts, ch 30, §13
IA Code § 499A.18A (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.18A - Upkeep of the cooperative.

499A.18A Upkeep of the cooperative.   It is the duty of the cooperative to maintain generally all portions of the cooperative’s real property other than the apartment units. The maintenance, repair, and replacement costs of the cooperative’s real property shall be contributed to by each of the members in accordance with the proration formula set forth in the bylaws. Each member is responsible for maintenance and repair of the person’s apartment unit in the manner provided for in the bylaws and as prescribed by each member’s proprietary lease.  91 Acts, ch 30, §11
IA Code § 499A.19 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.19 - Election of directors.

499A.19 Election of directors.   1. The directors shall be elected by the members of the cooperative. The election of officers shall be made by the board of directors. The annual election of the directors shall be held during the month of January of each year, and they shall serve until their successors are elected and qualified.   2. The board of directors shall elect as officers, a president, a vice president, a secretary, and a treasurer.   3. It is the duty of the secretary to keep the records of the cooperative, and a correct list of the members, and all such records shall be submitted to any member upon demand at any reasonable time.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.19]  91 Acts, ch 30, §14; 2018 Acts, ch 1041, §127
IA Code § 499A.23 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.23 - Effect of documents and instruments.

499A.23 Effect of documents and instruments.   1. Unless amended or terminated by this chapter or by the following documents or instruments, all terms, conditions, covenants, and provisions contained in the following documents or instruments shall remain in full force and effect as long as the cooperative remains in existence:   a. The articles of incorporation of the cooperative and any amendments thereto.   b. The bylaws of the cooperative and any amendments thereto.   c. Any proprietary leases, contracts, or other agreements between the cooperative and a member of the cooperative or between members of the cooperative.   d. Any property interests created by any documents or instruments specified in paragraph “a”, “b”, or “c”.   2. A document or instrument specified in subsection 1, and any property interests created by such document or instrument, shall not be extinguished, limited, or impaired by application of section 558.68 or 614.24.  2014 Acts, ch 1095, §2, 6  Referred to in §558.68, 614.24
IA Code § 499A.25 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.25 - Title of Act.

499A.25 Title of Act.   This subchapter shall be known and cited as “The Cooperative Housing Act”.  [C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.20]  91 Acts, ch 30, §15  CS91, §499A.25
IA Code § 499A.101 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.101 - Definitions.

499A.101 Definitions.   As used in this subchapter, unless the context otherwise requires:   1. “Advisor” means a member of the association’s advisory committee.   2. “Association” means a sweat equity housing cooperative association created pursuant to this subchapter.   3. “Authority” means a local housing authority created pursuant to section 499A.102.   4. “Low income” means the income of “very low income families” as defined in section 16.1.   5. “Partner” means a low-income sweat equity member of the association, and member of the sweat equity partners’ committee.   6. “Sweat equity” means any contribution made by a partner to the operations of the association, including but not limited to physical labor.  90 Acts, ch 1120, §1
IA Code § 499A.102 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.102 - Local housing authority.

499A.102 Local housing authority.   1. A local housing authority may be created to encourage and assist the formation of housing cooperatives under this chapter. The following persons are authorized to form an authority, separately, or in combination with other authorized persons:   a. A city.   b. A county.   c. A nonprofit community organization.   d. A nonprofit religious organization.   2. The local housing authority shall be funded from the following sources:   a. State grants, loans, or other appropriations administered by the Iowa finance authority.   b. Funds solicited from third parties by the local housing authority.   c. Local government appropriations to the local housing authority.   d. Any other available sources, including but not limited to bequests, devises, and federal moneys.   3. The Iowa finance authority may provide assistance for initial organization of local housing authorities.  90 Acts, ch 1120, §2  Referred to in §499A.101
IA Code § 499A.103 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.103 - Low-income participants.

499A.103 Low-income participants.   The local housing authority shall recruit low-income persons to participate as sweat equity partners in a housing cooperative association organized by the local housing authority.  90 Acts, ch 1120, §3
IA Code § 499A.104 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.104 - Sweat equity housing cooperative association.

499A.104 Sweat equity housing cooperative association.   1. The local housing authority may form one or more sweat equity housing cooperative associations under this chapter. A sweat equity housing cooperative association shall operate as a multiple housing cooperative association under subchapter I, except as specifically provided otherwise under this subchapter.   2. A sweat equity housing cooperative association shall meet the following additional conditions:   a. A sweat equity partners’ committee shall be established, with each partner entitled to one vote on the committee.   b. The sweat equity committee shall hold twenty-five percent of the stock of the association upon incorporation of the association.   c. An advisory committee shall be established, made up of equity investors, skill contributors, and other community representatives including, but not limited to:   (1) Tradesperson volunteers.   (2) Community college trade representatives and business educators.   (3) Financial and legal advisors to association management.   d. The advisory committee shall hold seventy-five percent of the stock of the association upon incorporation of the association.   3. The association shall be controlled by the board of directors, with representation of partners and advisors on the board proportional to each group’s equity interest at the time of the last election of directors to the board.   4. An association shall do all of the following:   a. Acquire existing housing or small business building stock in need of rehabilitation.   b. Establish a rehabilitation plan, which shall include, but not be limited to, all of the following elements:   (1) Statement of purpose.   (2) Financial plan.   (3) Construction timetable.   (4) Materials schedule.   (5) Construction training program schedule for partners. If a contract is executed with a person to perform skilled labor or to supervise skilled work, the person must be certified by an organization recognized as representing a membership of persons with common skills.   (6) Financial and managerial training program for partners.   (7) Bylaws of the association.   (8) A contract between the partners and advisors including the terms of transfer of stock from the advisory committee to the partners’ committee.   c. Establish a program to ensure that partners are equipped with skills necessary for full participation in society.   d. Encourage participation by partners in the activities of the community.  90 Acts, ch 1120, §4; 2001 Acts, ch 61, §17  Referred to in §499A.105
IA Code § 499A.105 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.105 - Association financing.

499A.105 Association financing.   1. Organizational and construction phase. Upon incorporation, and after adoption of a rehabilitation plan pursuant to section 499A.104, the association may apply to the Iowa finance authority or other sources for financial assistance. The Iowa finance authority shall review the rehabilitation plan, and subject to the availability of moneys, may approve for the association state grants, loans, or other appropriations administered by the Iowa finance authority.   2. Stock transfer. Advisory committee stock shall be transferred to the partners’ committee for distribution to partners in accordance with the terms of the rehabilitation plan contract.   3. Operational phase. Upon completion of the rehabilitation plan and implementation of the contract, the association shall be wholly owned by partners. The partners shall rent space only to other association partners. New partners may be admitted subject to completion of required partner training programs and sweat equity contributions, as required by the association’s bylaws. Partners shall make mortgage payments in proportion to their equity interest in the property, with total payments sufficient to repay the mortgage loan, maintain the property, and accumulate a capital reserve fund for future repairs and improvements. The capital reserve fund and enforcement of partner obligations is the responsibility of the board of directors.  90 Acts, ch 1120, §5
IA Code § 499A.106 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499A - MULTIPLE HOUSING|Section 499A.106 - Reimbursement of sweat equity contribution.

499A.106 Reimbursement of sweat equity contribution.   The association shall establish criteria for the reimbursement of a partner terminating membership in the association, in accordance with the partner’s sweat equity contribution.  90 Acts, ch 1120, §6
IA Code § 499B.1 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499B - HORIZONTAL PROPERTY (CONDOMINIUMS)|Section 499B.1 - Short title.

499B.1 Short title.   This chapter shall be known as the “Horizontal Property Act”.  [C66, 71, 73, 75, 77, 79, 81, §499B.1]
IA Code § 499B.2 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499B - HORIZONTAL PROPERTY (CONDOMINIUMS)|Section 499B.2 - Definitions.

499B.2 Definitions.   Unless it is plainly evident from the context that a different meaning is intended, as used in this chapter:   1. “Apartment” means one or more rooms occupying all or a part of a floor or floors in a building of one or more floors or stories and notwithstanding whether the apartment be intended for use or used as a residence, office, for the operation of any industry or business or for any other use not prohibited by law.   2. “Building” means and includes one or more buildings, whether attached to one or more buildings or unattached; provided, however, that if there is more than one building, all such buildings shall be described and included in the declaration, or an amendment thereto, and comprise an integral part of a single horizontal property regime.   3. “Co-owner” means a person, corporation, or other legal entity capable of holding or owning any interest in real property who owns all or an interest in an apartment within the building.   4. “Council of co-owners” means all the co-owners of the building. The business and affairs of the council of co-owners may be conducted by organizing a corporation not for pecuniary profit of which the co-owners are members.   5. “General common elements”, unless otherwise provided in the declaration or lawful amendments thereto, means and includes:   a. The land on which the building is erected.   b. The foundations, basements, floors, exterior walls of each apartment and of the building, ceilings and roofs, halls, lobbies, stairways, and entrances and exits or communication ways, elevators, garbage incinerators and in general all devices or installations existing for common use.   c. Compartments or installations of central services for public utilities, common heating and refrigeration units, reservoirs, water tanks and pumps servicing other than one apartment.   d. Premises for lodging of service personnel engaged in performing services other than services within a single apartment.   6. “Limited common elements” means and includes those common elements which are specified in or determined under the declaration to be reserved for the use of one or more apartments to the exclusion of the other apartments, such as special corridors, stairways and elevators, sanitary services common to the apartments of a particular floor, and the like.   7. “Majority of co-owners” or “percent of co-owners” means the owners of more than one-half or owners of that percent of interest in the building irrespective of the total number of co-owners.   8. “Property” includes the land whether committed to the horizontal property regime in fee or as a leasehold interest, the building, all other improvements located thereon, and all easements, rights and appurtenances belonging thereto.   9. All pronouns used herein include the male, female and neuter genders and include the singular or plural numbers, as the case may be.  [C66, 71, 73, 75, 77, 79, 81, §499B.2]  2016 Acts, ch 1073, §140  Referred to in §103.22, 103.23
IA Code § 499B.3 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499B - HORIZONTAL PROPERTY (CONDOMINIUMS)|Section 499B.3 - Recording of declaration to submit property to regime.

499B.3 Recording of declaration to submit property to regime.   1. When the sole owner or all of the owners, or the sole lessee or all of the lessees of a lease desire to submit a parcel of real property upon which a building is located or to be constructed to the horizontal property regime established by this chapter, a declaration to that effect shall be executed and acknowledged by the sole owner or lessee or all of such owners or lessees and shall be recorded in the office of the county recorder of the county in which such property lies. The county recorder shall collect recording fees pursuant to section 331.604.   2. If the declaration is to convert an existing structure, the declarant shall file the declaration of the horizontal property regime with the city in which the regime is located or with the county if not located within a city at least sixty days before being recorded in the office of the county recorder to enable the city or county, as applicable, to establish that the converted structure meets appropriate building code requirements as provided in section 499B.20. However, if the city or county, as applicable, does not have a building code, the declarant shall file the declaration with the state building code commissioner instead of the applicable city or county at least sixty days before the recording of the declaration to enable the commissioner to establish that the converted structure meets the state building code, as adopted pursuant to section 103A.7.   3. A declaration under this section for a horizontal property regime proposed to be located within an area of review established by a city under section 354.9 shall, in addition to being submitted to the county, be submitted to the city for review and approval.  [C66, 71, 73, 75, 77, 79, 81, §499B.3]  2000 Acts, ch 1142, §1, 5; 2004 Acts, ch 1086, §81; 2009 Acts, ch 27, §28; 2010 Acts, ch 1051, §2  Referred to in §499B.4, 499B.12