1. The initial articles must set forth all of the following:

 a. The name, address, and occupation of each organizer.
 b. The names and addresses of the initial directors.
 c. The street address of the cooperative‘s initial registered office and the name of its initial registered agent at that office.

Terms Used In Iowa Code 501.202

  • Articles: means the cooperative's articles of association. See Iowa Code 501.101
  • Cooperative: means a cooperative association organized under this chapter or converted to this chapter pursuant to section 501. See Iowa Code 501.101
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • Member: means a person who owns a voting interest in a cooperative. See Iowa Code 501.101
  • Quorum: The number of legislators that must be present to do business.
 2. The articles must set forth all of the following:

 a. The name that satisfies the requirements of section 501.104.
 b. A statement that it is organized under this chapter.
 c. Its duration, which may be perpetual.
 d. The classes of interests and the authorized number of interests of each class.
 e. The quorum required for each member meeting.
 f. The member voting rules.
 3. The articles may set forth any other provision consistent with law.
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