reglab/housing_qa huggingface dataset:
IA Code § 501A.301 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.301 - Name.

501A.301 Name.   1. A cooperative name must contain the word “cooperative”, “coop”, or the abbreviation “CP”.   2. Except as authorized by subsections 3 and 4, a cooperative name must be distinguishable upon the records of the secretary from all of the following:   a. The name of a domestic cooperative, limited liability company, limited partnership, or corporation organized under the laws of this state or registered as a foreign cooperative, foreign limited liability company, foreign limited partnership, or foreign corporation in this state.   b. A name reserved in the manner provided under the laws of this state.   c. The fictitious name adopted by a foreign cooperative, foreign limited liability company, foreign limited partnership, or foreign corporation authorized to transact business in this state because its real name is unavailable.   d. The corporate name of a nonprofit corporation incorporated or authorized to transact business in this state.   3. A cooperative may apply to the secretary for authorization to use a name that is not distinguishable upon the secretary’s records from one or more of the names described in subsection 2. The secretary shall authorize use of the name applied for if one of the following conditions applies:   a. The other entity consents to the use in writing and submits an undertaking in a form satisfactory to the secretary to change the entity’s name to a name that is distinguishable upon the records of the secretary from the name of the applying cooperative.   b. The applicant delivers to the secretary a certified copy of the final judgment of a court of competent jurisdiction establishing the applicant’s right to use the name applied for in this state.   4. A cooperative may use the name, including the fictitious name, of another business entity that is used in this state if the other business entity is formed under the laws of this state or is authorized to transact business in this state and the proposed user cooperative meets one of the following conditions:   a. Has merged with the other business entity.   b. Has been formed by reorganization of the other business entity.   c. Has acquired all or substantially all of the assets, including the name, of the other business entity.   5. This chapter does not control the use of fictitious names; however, if a cooperative uses a fictitious name in this state, the cooperative shall deliver to the secretary for filing a certified copy of the resolution of the cooperative adopting the fictitious name.  2005 Acts, ch 135, §18
IA Code § 501A.302 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.302 - Reserved name.

501A.302 Reserved name.   1. A person may reserve the exclusive use of a cooperative name, including a fictitious name for a foreign cooperative whose cooperative name is not available, by delivering an application to the secretary for filing. The application must set forth the name and address of the applicant and the name proposed to be reserved. If the secretary finds that the cooperative name applied for is available, the secretary shall reserve the name for the applicant’s exclusive use for a nonrenewable one-hundred-twenty-day period.   2. The owner of a reserved cooperative name may transfer the reservation to another person by delivering to the secretary a signed notice of the transfer that states the name and address of the transferee.  2005 Acts, ch 135, §19
IA Code § 501A.401 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.401 - Registered office and registered agent.

501A.401 Registered office and registered agent.   A cooperative must continuously maintain in this state each of the following:   1. A registered office that may be the same as any of its places of business.   2. A registered agent who may be any of the following:   a. An individual who is a resident of this state and whose business office is identical with the registered office.   b. A cooperative, domestic corporation, domestic limited liability company, or not-for-profit domestic corporation whose business office is identical with the registered office.   c. A foreign cooperative, foreign corporation, foreign limited liability company, or not-for-profit foreign corporation authorized to transact business in this state whose business office is identical with the registered office.  2005 Acts, ch 135, §20  Referred to in §501A.402
IA Code § 501A.402 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.402 - Change of registered office or registered agent.

501A.402 Change of registered office or registered agent.   1. A cooperative may change its registered office or registered agent by delivering to the secretary for filing a statement of change that sets forth the following:   a. The name of the domestic cooperative or foreign cooperative.   b. If the current registered office is to be changed, the street address of the new registered office.   c. If the current registered agent is to be changed, the name of the new registered agent and the new agent’s written consent, either on the statement or attached to the statement, to the appointment.   d. That after the change or changes are made, the street address of its registered office and the business office of its registered agent will be identical.   2. A statement of change shall forthwith be filed in the office of the secretary by a cooperative whenever its registered agent dies, resigns, or ceases to satisfy the requirements of section 501A.401.   3. If a registered agent changes the registered agent’s business address to another place, the registered agent may change the business address and the address of the registered agent by filing a statement as required in subsection 1 for each cooperative, or a single statement for all cooperatives named in the notice, except that the statement need be signed only by the registered agent and need not be responsive to subsection 1, paragraph “c”, and must recite that a copy of the statement has been mailed to each cooperative named in the notice.   4. The change of address of a registered office or the change of registered agent becomes effective upon the filing of such statement by the secretary.  2005 Acts, ch 135, §21  Referred to in §501A.231
IA Code § 501A.403 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.403 - Resignation of registered agent — discontinuance of registered office — statement.

501A.403 Resignation of registered agent — discontinuance of registered office — statement.   1. A registered agent may resign the agent’s agency appointment by signing and delivering to the secretary for filing an original statement of resignation. The statement may include a statement that the registered office is also discontinued. The registered agent shall send a copy of the statement of resignation to the registered office, if not discontinued, and to the cooperative at its principal office. The agent shall certify to the secretary that the copy has been sent to the cooperative, including the date the copy was sent.   2. A statement of resignation takes effect on the earlier of the following:   a. 12:01 a.m. on the thirty-first day after the day on which it is filed with the secretary of state.   b. The designation of a new registered agent for the cooperative.  2005 Acts, ch 135, §22; 2020 Acts, ch 1058, §8  Subsection 2 amended
IA Code § 501A.404 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.404 - Service on domestic cooperatives.

501A.404 Service on domestic cooperatives.   1. A domestic cooperative’s registered agent is the cooperative’s agent for service of process, notice, or demand required or permitted by law to be served on the cooperative.   2. If a cooperative has no registered agent, or the agent cannot with reasonable diligence be served, the cooperative may be served by registered mail or certified mail, return receipt requested, and addressed to the cooperative at its principal office. Service is perfected under this subsection at the earliest of any of the following:   a. The date the cooperative receives the mail.   b. The date shown on the return receipt for the registered mail or certified mail, return receipt requested, if signed on behalf of the cooperative.   c. Five days after its deposit in the United States mail, as evidenced by the postmark, if mailed postpaid and correctly addressed.   3. This section does not prescribe the only means, or necessarily the required means, of serving a domestic cooperative or foreign cooperative.  2005 Acts, ch 135, §23
IA Code § 501A.405 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.405 - Service on foreign cooperative.

501A.405 Service on foreign cooperative.   1. The registered agent of a foreign cooperative authorized to transact business in this state is the foreign cooperative’s agent for service of process, notice, or demand required or permitted by law to be served on the foreign cooperative.   2. A foreign cooperative may be served by certified mail or restricted certified mail addressed to the foreign cooperative at its principal office shown in its application for a certificate of authority if the foreign cooperative meets any of the following conditions:   a. Has no registered agent or its registered agent cannot with reasonable diligence be served.   b. Has withdrawn from transacting business in this state.   c. Has had its certificate of authority revoked.   3. Service is perfected under subsection 2 at the earliest of any of the following:   a. The date the foreign cooperative receives the mail.   b. The date shown on the return receipt for the restricted certified mail, if signed on behalf of the foreign cooperative.   c. Five days after its deposit in the United States mail, as evidenced by the postmark, if mailed postpaid and correctly addressed.   4. A foreign cooperative may also be served in any other manner permitted by law.  2005 Acts, ch 135, §24
IA Code § 501A.501 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.501 - Organizational purpose.

501A.501 Organizational purpose.   A cooperative may be formed and organized for any lawful purpose for the benefit of its members, including but not limited to any of the following purposes:   1. To store or market agricultural commodities, including crops and livestock.   2. To market, process, or otherwise change the form or marketability of agricultural commodities. The cooperative may provide for the manufacturing or processing of those commodities into products.   3. To accomplish other purposes that are necessary or convenient to facilitate the production or marketing of agricultural commodities or agricultural products by patron members, other patrons, and other persons, and for other purposes that are related to the business of the cooperative.   4. To provide products, supplies, and services to its patron members, other patrons, and others.   5. For any other purpose that a cooperative is authorized by law under chapter 499 or 501.  2005 Acts, ch 135, §25  Referred to in §501A.601
IA Code § 501A.502 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.502 - Organizers.

501A.502 Organizers.   1. Qualification. A cooperative may be organized by one or more organizers who shall be adult natural persons, and who may act for themselves as individuals or as the agents of other entities. The organizers forming the cooperative need not be members of the cooperative.   2. Role of organizers. If the first board of directors is not named in the articles of organization, the organizers may elect the first board or may act as directors with all of the powers, rights, duties, and liabilities of directors, until directors are elected or until a contribution is accepted, whichever occurs first.   3. Meeting or written action.   a. After the filing of articles of organization, the organizers or the directors named in the articles of organization shall either hold an organizational meeting at the call of a majority of the organizers or of the directors named in the articles, or take written action for the purposes of transacting business and taking actions necessary or appropriate to complete the organization of the cooperative, including but not limited to all of the following:   (1) Amending the articles.   (2) Electing directors.   (3) Adopting bylaws.   (4) Authorizing or ratifying the purchase, lease, or other acquisition of suitable space, furniture, furnishings, supplies, or materials.   (5) Adopting a fiscal year.   (6) Contracting to receive and accept contributions.   (7) Making appropriate tax elections.   b. If a meeting is held, the person or persons calling the meeting shall give at least three days’ notice of the meeting to each organizer or director named, stating the date, time, and place of the meeting. Organizers and directors may waive notice of an organizational meeting in the same manner that a director may waive notice of meetings of the board.  2005 Acts, ch 135, §26; 2012 Acts, ch 1023, §157
IA Code § 501A.503 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.503 - Articles of organization.

501A.503 Articles of organization.   1. Requirements.   a. The articles of organization for the cooperative shall include all of the following:   (1) The name of the cooperative.   (2) The purpose of the cooperative.   (3) The name and address of each organizer.   (4) The period of duration for the cooperative, if the duration is not to be perpetual.   (5) The street address of the cooperative’s initial registered office and the name of its registered agent at that office.   b. The articles may contain any other lawful provision.   2. Effect of filing. When the articles of organization or an application for a certificate of authority has been filed pursuant to subchapter II and the required fee has been paid to the secretary under section 501A.205, all of the following shall be presumed:   a. All conditions precedent that are required to be performed by the organizers have been complied with.   b. The organization of the cooperative has been organized under the laws of this state as a separate legal entity.   c. The secretary will issue an acknowledgment to the cooperative.  2005 Acts, ch 135, §27; 2006 Acts, ch 1030, §53  Referred to in §501A.505
IA Code § 501A.505 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.505 - Existence.

501A.505 Existence.   1. Commencement. The existence of a cooperative shall commence on or after the filing of articles of organization as provided in section 501A.503.   2. Duration. A cooperative shall have a perpetual duration unless the cooperative provides for a limited period of duration in the articles or the cooperative is dissolved as provided in subchapter XII.  2005 Acts, ch 135, §29
IA Code § 501A.507 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.507 - Cooperative records.

501A.507 Cooperative records.   1. Permanent records required to be kept. A cooperative shall keep as permanent records minutes of all meetings of its members and of the board, a record of all actions taken by the members or the board without a meeting by a written unanimous consent in lieu of a meeting, and a record of all waivers of notices of meetings of the members and of the board.   2. Accounting records. A cooperative shall maintain appropriate accounting records.   3. Format. A cooperative shall maintain its records in written form or in another form capable of conversion into written form within a reasonable time.   4. Copies. A cooperative shall keep a copy of each of the following records at its principal office:   a. Its articles and other governing instruments.   b. Its bylaws or other similar instruments.   c. A record of the names and addresses of its members, in a form that allows preparation of an alphabetical list of members with each member’s address.   d. The minutes of members’ meetings, and records of all actions taken by members without a meeting by unanimous written consent in lieu of a meeting, for the past three years.   e. All written communications within the past three years to members as a group or to any class of members as a group.   f. A list of the names and business addresses of its current board members and officers.   g. All financial statements prepared for periods ending during the last fiscal year.   5. Policy. Except as otherwise limited by this chapter, the board of a cooperative shall have discretion to determine what records are appropriate for the purposes of the cooperative, the length of time records are to be retained, and policies relating to the confidentiality, disclosure, inspection, and copying of the records of the cooperative.  2005 Acts, ch 135, §31  Referred to in §501A.801
IA Code § 501A.602 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.602 - Emergency powers.

501A.602 Emergency powers.   1. In anticipation of or during an emergency as defined in this section, the board may do any of the following:   a. Modify lines of succession to accommodate the incapacity of any director, officer, employee, or agent.   b. Relocate the principal office, designate alternative principal offices or regional offices, or authorize the officers to do so.   2. During an emergency, unless emergency bylaws provide otherwise, all of the following apply:   a. A notice of a meeting of the board need be given only to those directors to whom it is practicable to reach and may be given in any practicable manner, including by publication or radio.   b. One or more officers of the cooperative present at a meeting of the board may be deemed to be directors for the meeting, in order of rank and within the same rank in order of seniority, as necessary to achieve a quorum.   3. All of the following apply to cooperative action taken in good faith during an emergency under this section to further the ordinary business affairs of the cooperative:   a. The action binds the cooperative.   b. The action shall not be the basis for the imposition of liability on any director, officer, employee, or agent of the cooperative on the grounds that the action was not an authorized cooperative action.   4. An emergency exists for purposes of this section if a quorum of the directors cannot readily be obtained because of a catastrophic event.  2005 Acts, ch 135, §33  Emergency bylaws, see §501A.506
IA Code § 501A.701 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.701 - Board governs cooperative.

501A.701 Board governs cooperative.   A cooperative shall be governed by its board of directors, which shall take all action for and on behalf of the cooperative, except those actions reserved or granted to members. Board action shall be by the affirmative vote of a majority of the directors voting at a duly called meeting unless a greater majority is required by the articles or bylaws. A director individually or collectively with other directors does not have authority to act for or on behalf of the cooperative unless authorized by the board. A director may advocate interests of members or member groups to the board, but the fiduciary duty of each director is to represent the best interests of the cooperative and all members collectively.  2005 Acts, ch 135, §35
IA Code § 501A.702 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.702 - Number of directors.

501A.702 Number of directors.   The board shall not have less than five directors, except that a cooperative with fifty or fewer members may have three or more directors as prescribed in the cooperative’s articles or bylaws.  2005 Acts, ch 135, §36
IA Code § 501A.704 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.704 - Filling vacancies.

501A.704 Filling vacancies.   1. Patron directors. If a patron member director’s position becomes vacant or a new director position is created for a director that was or is to be elected by patron members, the board, in consultation with the directors elected by patron members, shall appoint a patron member of the cooperative to fill the director’s position until the next regular or special members’ meeting. If there are no directors elected by patron members on the board at the time of the vacancy, a special patron members’ meeting shall be called to fill the patron member director vacancy.   2. Nonpatron directors. If the vacating director was not elected by the patron members or a new director position is created, unless otherwise provided in the articles or bylaws, the board shall appoint a director to fill the vacant position by majority vote of the remaining or then serving directors even though less than a quorum. At the next regular or special members’ meeting, the members or patron members shall elect a director to fill the unexpired term of the vacant director’s position.  2005 Acts, ch 135, §38
IA Code § 501A.705 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.705 - Removal of directors.

501A.705 Removal of directors.   1. Modification. The provisions of this section apply unless modified by the articles or the bylaws.   2. Removal of directors. A director may be removed at any time, with or without cause, if all of the following apply:   a. The director was named by the board to fill a vacancy.   b. The members have not elected directors in the interval between the time of the appointment to fill a vacancy and the time of the removal.   c. A majority of the remaining directors present affirmatively vote to remove the director.   3. Removal by members. Any one or all of the directors may be removed at any time, with or without cause, by the affirmative vote of the holders of a majority of the voting power of membership interests entitled to vote at an election of directors, provided that if a director has been elected solely by the patron members or the holders of a class or series of membership interests as stated in the articles or bylaws, then that director may be removed only by the affirmative vote of the holders of a majority of the voting power of the patron members for a director elected by the patron members or of all membership interests of that class or series entitled to vote at an election of that director.   4. Election of replacements. New directors may be elected at a meeting at which directors are removed.  2005 Acts, ch 135, §39
IA Code § 501A.707 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 501A - COOPERATIVE ASSOCIATIONS ACT|Section 501A.707 - Quorum.

501A.707 Quorum.   A majority, or a larger or smaller portion or number provided in the articles or bylaws, of the directors currently holding office is a quorum for the transaction of business. In the absence of a quorum, a majority of the directors present may adjourn a meeting from time to time until a quorum is present. If a quorum is present when a duly called or held meeting is convened, the directors present may continue to transact business until adjournment, even though the withdrawal of a number of directors originally present leaves less than the proportion of number otherwise required for a quorum.  2005 Acts, ch 135, §41