1. At any time after dissolution is authorized, the cooperative may dissolve by delivering to the secretary of state for filing articles of dissolution setting forth all of the following:

 a. The name of the cooperative.
 b. The date dissolution was authorized.
 c. If dissolution was approved by the members, both of the following:

 (1) The number of votes entitled to be cast on the proposal to dissolve.
 (2) Either the total number of votes cast for and against dissolution or the total number of undisputed votes cast for dissolution and a statement that the number cast for dissolution was sufficient for approval.

Terms Used In Iowa Code 501.803

  • 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
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
 2. A cooperative is dissolved upon the effective date of its articles of dissolution.
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