1. A cooperative administratively dissolved under section 501.812 may apply to the secretary of state for reinstatement at any time after the effective date of dissolution. The application must meet all of the following requirements: a. Recite the name of the cooperative at itsdate of dissolution and the effective date of its administrative dissolution. b. State that the ground or grounds for dissolution have been eliminated. c. If the application is received more than five years after the effective date of the cooperative’s dissolution, state a name that satisfies the requirements of section 501.104. 2. a. If the secretary of state determines that the application contains the information required by subsection 1, and that the information is correct, the secretary of state shall cancel the certificate of dissolution and prepare a certificate of reinstatement that recites the secretary of state’s determination and the effective date of reinstatement, file the document, and deliver a copy to the cooperative under section 501.106. b. Ifthe name of the cooperative as provided in subsection 1, paragraph “c”, is different than the name in subsection 1,paragraph “a”, the certificate of reinstatement shall constitute an amendment to the articles of association insofar as itpertains to the name. A cooperative shall not relinquish the right to retain its name if the reinstatement is effective within five years of the effective date of the cooperative’s dissolution. 3. When the reinstatement iseffective, itrelates back to and takes effect as of the effective date of the administrative dissolution as ifthe administrative dissolution had never occurred. ch 1040, §4; 2020 Acts, ch 1118, §26; 2024 Acts, ch 1048, §3
‹ Prev All Iowa sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.