Iowa Code 501A.1212 – Discontinuance of court-supervised dissolution proceedings
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Terms Used In Iowa Code 501A.1212
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Cooperative: means a business association organized under this chapter. See Iowa Code 501A.102
- property: includes personal and real property. See Iowa Code 4.1
The involuntary or supervised voluntary dissolution of a cooperative may be discontinued at any time during the dissolution proceedings if it is established that cause for dissolution does not exist. The court shall dismiss the proceedings and direct the receiver, if any, to redeliver to the cooperative its remaining property and assets.