reglab/housing_qa huggingface dataset:
IA Code § 499.3 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.3 - Dealing with nonmembers.

499.3 Dealing with nonmembers.   1. A nonstock livestock shipping association shall not handle livestock of any nonmembers.   2. Any association may restrict the amount of business done with nonmembers and may limit its dealings or any class thereof to members only.  [C35, §8512-g3; C39, §8512.03; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.3]  2001 Acts, ch 12, §1, 6; 2016 Acts, ch 1011, §121  Referred to in §499.2, 499.49
IA Code § 499.4 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.4 - Use of term “cooperative” restricted.

499.4 Use of term “cooperative” restricted.   1. A person including a corporation hereafter organized, which is not an association as defined in this chapter or a cooperative as defined in chapter 501 or 501A, shall not use the word “cooperative” or any abbreviation thereof in its name or advertising or in any connection with its business, except foreign associations admitted under section 499.54. The attorney general or any association or any member thereof may sue and enjoin such use.   2. This chapter does not control the use of fictitious names. However, if a cooperative association or a foreign cooperative association uses a fictitious name in this state, the cooperative association or foreign cooperative association shall deliver to the secretary of state for filing a copy of the resolution of its board of directors, certified by its secretary, adopting the fictitious name.  [C35, §8512-g4; C39, §8512.04; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.4]  97 Acts, ch 23, §56; 2001 Acts, ch 12, §2, 6; 2005 Acts, ch 135, §114; 2019 Acts, ch 24, §75
IA Code § 499.5 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.5 - Permissible organizers.

499.5 Permissible organizers.   1. Five or more individuals, or two or more associations, may organize an association.   2. All individual incorporators of agricultural associations must be engaged in producing agricultural products, which phrase includes landlords and tenants as specified in section 499.13.   3. A nonprofit water utility organized under chapter 357A or 504 may elect to become an association under this chapter upon majority vote of its members by filing with the secretary of state a statement confirming the election and appropriate articles of incorporation. However, the association is subject to the service limitation provisions contained in sections 357.1A and 357A.2.   4. A telephone company organized as a corporation under chapter 491 and qualifying pursuant to an internal revenue service letter ruling under Internal Revenue Code §501(c)(12) as a nonprofit corporation entitled to distribute profits in a manner similar to an association under this chapter may reorganize as an association under this chapter upon the affirmative vote of two-thirds of the votes cast by the shares entitled to vote in an election at a meeting at which a majority of all shares entitled to vote cast a vote.  [C35, §8512-g5; C39, §8512.05; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.5]  88 Acts, ch 1172, §3; 90 Acts, ch 1164, §1; 96 Acts, ch 1044, §1; 2004 Acts, ch 1049, §191; 2004 Acts, ch 1175, §393
IA Code § 499.5A (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.5A - Water utilities — members of federated associations.

499.5A Water utilities — members of federated associations.   Notwithstanding section 499.13, a water utility organized under this chapter, a municipal water utility, or a water district organized under chapter 357, 357A, or 504 may be a member of a federated association.  88 Acts, ch 1172, §4; 94 Acts, ch 1137, §2; 2004 Acts, ch 1049, §191; 2004 Acts, ch 1175, §393
IA Code § 499.6 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.6 - Purposes.

499.6 Purposes.   A cooperative association may be organized under this chapter for any lawful purpose or purposes.  [C35, §8512-g6; C39, §8512.06; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.6]  88 Acts, ch 1026, §2; 88 Acts, ch 1172, §5
IA Code § 499.7 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.7 - Powers.

499.7 Powers.   Except as expressly limited in its articles, each association has the following powers:   1. To conduct business, carry on operations, establish and operate offices, and exercise all powers granted by this chapter in or outside this state.   2. To borrow any amounts of money, and give any form of obligation or security therefor.   3. To make advances to patrons or members, or members of member-associations, and take any form of obligation or security therefor.   4. To acquire, hold, transfer or pledge any obligation or security representing funds actually advanced or used for any cooperative activity; or stock, memberships, bonds or obligations of any cooperative organization dealing in any product handled by the association, or any by-product thereof.   5. To make any contract, endorsement or guaranty it deems desirable incident to its transfer or pledge of any obligation or security.   6. To acquire, own or dispose of any real or personal property deemed convenient for its business, including patents, trademarks and copyrights.   7. To exercise any power, right or privilege suitable or necessary for, or incident to, promoting or accomplishing any of its powers, purposes or activities, or granted to ordinary corporations, save such as are inconsistent with this chapter.   8. To exercise any of its powers anywhere. No association organized under this chapter shall engage in the business of banking.  [C35, §8512-g7; C39, §8512.07; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.7]  88 Acts, ch 1026, §3
IA Code § 499.8 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.8 - Contracts authorized.

499.8 Contracts authorized.   An agricultural association may contract with any member for the member’s exclusive sale to or through it, of all or any part of the member’s agricultural products or other designated commodities. Such contracts may permit the association to take and sell the property without acquiring title thereto, and pay the member the sale price less costs and expenses of selling, which may include the member’s pro rata portion of the association’s annual outlay for overhead, interest, preferred dividends, reserves or other specified charges. Such contracts must be for a specified time, not less than one year. Each contract shall fix a period of at least ten days during each year after the first, within which either party may terminate it without affecting any liability previously accrued.  [C35, §8512-g8; C39, §8512.08; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.8]  Referred to in §499.9
IA Code § 499.9 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.9 - Penalties — performance — injunction — arbitration.

499.9 Penalties — performance — injunction — arbitration.   1. a. Contracts permitted by section 499.8 may provide that the member pay the association any sum, fixed in amount or by a specified method of computation, for each violation thereof; also all the association’s expenses of any suit thereon, including bond premiums and attorney’s fees. All such provisions shall be enforced as written, whether at law or in equity, and shall be deemed proper measurement of actual damages, and not penalties or forfeitures.   b. The association may obtain specific performance of any such contract, or enjoin its threatened or continued breach, despite the adequacy of any legal or other remedy.   c. If the association files a verified petition, showing an actual or threatened breach of any such contract and seeking any remedy therefor, the court shall, without notice or delay but on such bond as it deems proper, issue a temporary injunction against such breach or its continuance.   2. The parties to such contracts may agree to arbitrate any controversy subsequently arising thereunder, and fix the number of arbitrators and method of their appointment. Such agreements shall be valid and irrevocable, except on such grounds as invalidate contracts generally. If they specify no method for appointing arbitrators, or if either party fails to follow such method, or if for any reason arbitrators are not named or vacancies filled, either party may apply to the district court to designate the necessary arbitrator, who shall then act under the agreement with the same authority as if named in it. Unless otherwise agreed, there shall be but one arbitrator.  [C35, §8512-g9; C39, §8512.09; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.9]  2015 Acts, ch 29, §66
IA Code § 499.10 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.10 - Cooperative agreements.

499.10 Cooperative agreements.   Any association may make any agreement or arrangement with any other association or cooperative organization for the cooperative or more economical carrying on of any of its business. Any number of such associations or organizations may unite to employ or use, or may separately employ or use, the same methods, means or agencies for conducting their respective businesses.  [C35, §8512-g10; C39, §8512.10; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.10]
IA Code § 499.11 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.11 - Legality declared.

499.11 Legality declared.   No association, contract, method or act which complies with this chapter shall be deemed a conspiracy or combination in restraint of trade or an illegal monopoly, or an attempt to lessen business or fix prices arbitrarily, or to accomplish any improper or illegal purpose.  [C35, §8512-g11; C39, §8512.11; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.11]
IA Code § 499.12 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.12 - Exemption of private property.

499.12 Exemption of private property.   The private property of the members or stockholders shall be exempt from execution for the debts of the corporation.  [C35, §8512-g12; C39, §8512.12; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.12]
IA Code § 499.13 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.13 - Membership — eligibility.

499.13 Membership — eligibility.   A membership or share of common stock shall not be issued to, or held by, any person unless the person is eligible for membership in the association under its articles. A person may be eligible only if the person is engaged in producing a product marketed by the association, the person customarily consumes or uses the supplies or commodities that the association handles, or the person uses the services that the association renders. A farm tenant or landlord who receives a share of agricultural products as rent may be eligible for membership in an agricultural association as a producer. A cooperative association engaged in any directly or indirectly related activity may be eligible for membership. An association may be formed which includes among its members cooperative associations or restricts its membership to cooperative associations.  [C35, §8512-g13; C39, §8512.13; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.13]  97 Acts, ch 17, §2  Referred to in §499.5, 499.5A
IA Code § 499.14 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.14 - Membership in nonstock associations.

499.14 Membership in nonstock associations.   Membership in associations without capital stock may be acquired by eligible parties in the manner provided in the articles, which shall specify the rights of members, the issuing price of memberships, if any, and what, if any, fixed dividends accrue thereon. If the articles so provide, membership shall be of two classes, voting and nonvoting. Voting members shall be agricultural producers, and all other members shall be nonvoting members. Nonvoting members shall have all the rights of membership except the right to vote.  [C35, §8512-g14; C39, §8512.14; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.14]  2001 Acts, ch 12, §3, 6
IA Code § 499.14A (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.14A - Electric cooperative association memberships.

499.14A Electric cooperative association memberships.   An electric cooperative association may have one or more classes of members. Qualifications, requirements, methods of acceptance, terms, conditions, termination, and other incidents of membership shall be set forth in the articles of incorporation of the association.  93 Acts, ch 94, §1; 2001 Acts, ch 12, §4, 6
IA Code § 499.15 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.15 - Certificates of membership or stock.

499.15 Certificates of membership or stock.   The association may issue certificates of membership or stock, each of which states the fixed dividend, if any, and the restrictions or limitations upon its ownership, voting, transfer, redemption, or cancellation.  [C35, §8512-g15; C39, §8512.15; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.15]  2007 Acts, ch 23, §1
IA Code § 499.16 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.16 - Subscriptions — stock or membership.

499.16 Subscriptions — stock or membership.   If permitted by the association’s articles of incorporation, any eligible subscriber for common stock or membership may vote and be treated as a member after making part payment of the amount, if any, required to be paid for the common stock or membership in cash, giving the subscriber’s note for the balance, and satisfying any other requirement for the subscription as set forth in the articles. A subscription may be forfeited as provided in section 499.32. Stock or membership shall not be issued until payment of the amount, if any, required to be paid for the stock or membership is fully made. A subscriber shall not hold office until the association has issued the subscriber stock or membership.  [C35, §8512-g16; C39, §8512.16; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.16]  97 Acts, ch 17, §3; 2001 Acts, ch 12, §5, 6; 2007 Acts, ch 23, §2  Referred to in §499.30
IA Code § 499.17 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.17 - Transfer of stock or membership.

499.17 Transfer of stock or membership.   No common stock shall be transferable, unless the articles expressly provide for transfer to others eligible for membership. Such provision may require that the transfer be preceded by an offer to the association, or be otherwise restricted. No nonstock membership shall be transferable, and if the association issues certificates of membership or stock to a member, the certificates shall be surrendered to the association on the member’s voluntary withdrawal.  [C35, §8512-g17; C39, §8512.17; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.17]  2007 Acts, ch 23, §3
IA Code § 499.18 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.18 - Expulsion of members.

499.18 Expulsion of members.   The directors may expel any member if the member has attempted to transfer that member’s membership or stock in violation of its terms, or has willfully violated any article or bylaw which provides for such penalty.  [C35, §8512-g18; C39, §8512.18; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.18]
IA Code § 499.19 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.19 - Cancellation of membership or stock.

499.19 Cancellation of membership or stock.   If a common stockholder or member dies, or becomes ineligible, or is expelled, that person’s stock or membership shall forthwith be canceled. In cases of expulsion the association shall pay the stockholder or member its value as shown by the books on the date of cancellation, but not more than its original issuing price, within sixty days thereafter. In cases of death or ineligibility, it shall pay such value to the stockholder or member or the stockholder’s or member’s personal representative within two years thereafter, without interest.  [C35, §8512-g19; C39, §8512.19; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.19]
IA Code § 499.20 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.20 - Withdrawal of members.

499.20 Withdrawal of members.   The articles may permit and regulate voluntary withdrawal of members and the resulting cancellation of their common stock and memberships.  [C35, §8512-g20; C39, §8512.20; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.20]
IA Code § 499.21 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.21 - Obligations not affected.

499.21 Obligations not affected.   The death, expulsion or withdrawal of a member shall not impair the member’s contracts, debts, or obligations to the association.  [C35, §8512-g21; C39, §8512.21; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.21]
IA Code § 499.22 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.22 - Capital stock.

499.22 Capital stock.   An association with capital stock may divide the shares into common and preferred stock. Par value stock shall not be issued for less than par. The general corporation laws shall govern the consideration for which no-par stock is issued. If the articles so provide, common stock may be issued in two classes, voting and nonvoting. Voting stock shall be issued to all agricultural producers and nonvoting stock to all other members. Voting stock or nonvoting stock may be issued to a cooperative association as provided in the articles of incorporation of the association issuing the stock. Nonvoting stock shall have all privileges of membership except the right to vote. Preferred stock held by nonmembers shall not exceed in amount that held by members.  [C35, §8512-g22; C39, §8512.22; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.22]  97 Acts, ch 17, §4; 98 Acts, ch 1100, §67
IA Code § 499.23 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.23 - Dividends on common stock.

499.23 Dividends on common stock.   Unless the articles provide that common stock shall receive no dividends, the directors may declare noncumulative dividends thereon at such rate as they may fix, not exceeding eight percent per annum.  [C35, §8512-g23; C39, §8512.23; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.23]
IA Code § 499.24 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.24 - Preferred stock.

499.24 Preferred stock.   Preferred stock shall bear cumulative or noncumulative dividends as fixed by the articles. It shall have no vote. It shall be issued and be transferable without regard to eligibility or membership, and be redeemable on terms specified in the articles and as provided for in this chapter. The directors shall determine the time and amount of its issue.  [C35, §8512-g24; C39, §8512.24; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.24]  2011 Acts, ch 27, §1
IA Code § 499.25 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.25 - Issuing preferred stock in purchases.

499.25 Issuing preferred stock in purchases.   An association may discharge all or any part of obligations incurred in purchasing any business, property or stock, or an interest therein, by issuing its authorized preferred stock in an amount not exceeding the fair market value of the thing purchased. Issuance of such stock shall be upon the fair market value of the property purchased, as determined through an appraisal made by the directors or a competent appraiser employed by the directors. Such preferred stock shall be valid as though paid for in cash.  [C35, §8512-g25; C39, §8512.25; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.25]  90 Acts, ch 1164, §2
IA Code § 499.26 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.26 - Service charges.

499.26 Service charges.   Unless the articles otherwise provide, the bylaws or the directors may prescribe charges to be made to each member for services rendered the member or upon products bought from or sold to the member, and the time and manner of their collection.  [C35, §8512-g26; C39, §8512.26; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.26]
IA Code § 499.27 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.27 - Meetings.

499.27 Meetings.   1. Regular meetings of members shall be held at least once each year, the first of which shall be on the date specified in its articles. Unless otherwise provided in the articles or bylaws, subsequent meetings shall be on the same date in each succeeding year.   2. Unless otherwise provided in the articles, the directors may call special meetings of members, and must do so upon written demand of twenty percent of the members.   3. Unless the member waives it in writing, each member shall have ten days’ written notice of the time and place of all meetings, and of the purpose of all special meetings. Such notice shall be given to the member in person or by mail directed to the member’s address as shown on the books of the association, or if the articles so provide, by publication in a regular publication of general circulation among its members, or a newspaper of general circulation published at the principal place of business of the association.  [C35, §8512-g27; C39, §8512.27; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.27]  2015 Acts, ch 29, §114  Referred to in §10.9
IA Code § 499.28 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.28 - Number of votes.

499.28 Number of votes.   No member may own more than one membership or share of common stock. Each voting member shall be entitled to one vote and no more at all corporate meetings.  [C35, §8512-g28; C39, §8512.28; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.28]
IA Code § 499.29 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.29 - Manner of voting.

499.29 Manner of voting.   A vote shall not be cast by proxy. The vote of a member-association shall be cast only by its representative duly authorized in writing. A member may cast that member’s vote in advance of the meeting by mail ballot or, if the association’s articles or bylaws permit, by an alternative voting method upon any proposition of which the member has been previously notified in writing.  [C35, §8512-g29; C39, §8512.29; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.29]  96 Acts, ch 1115, §1; 2011 Acts, ch 23, §2
IA Code § 499.31 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 499 - COOPERATIVE ASSOCIATIONS|Section 499.31 - Control of allocation by members.

499.31 Control of allocation by members.   The members may at any meeting control the amount to be allocated to surplus or educational fund, within the limits specified in section 499.30, or the amount to be allocated to reserves.  [C35, §8512-g31; C39, §8512.31; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.31]