Iowa Code 501A.204 – Correcting filed documents
Current as of: 2023 | Check for updates
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1. A domestic cooperative or foreign cooperative may correct a document filed by the secretary if the document satisfies any of the following requirements:
a. Contains an incorrect statement.
b. Was defectively executed, attested, sealed, verified, or acknowledged.
Terms Used In Iowa Code 501A.204
- Articles: means the articles of organization of a cooperative as originally filed or subsequently amended as provided in this chapter. See Iowa Code 501A.102
- Cooperative: means a business association organized under this chapter. See Iowa Code 501A.102
- 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
- Foreign cooperative: means a foreign business entity organized to conduct business consistent with this chapter or chapter 497, 498, or 499. See Iowa Code 501A.102
- Secretary: means the secretary of state. See Iowa Code 501A.102
2. A document is corrected by complying with all of the following:
a. By preparing articles of correction that satisfy all of the following requirements:
(1) Describe the document, including its filing date, or attach a copy of the document to the articles.
(2) Specify the incorrect statement and the reason the statement is incorrect or the manner in which the execution was defective.
(3) Correct the incorrect statement or defective execution.
b. By delivering the articles of correction to the secretary for filing.
3. Articles of correction are effective on the effective date of the document the articles correct, except as to persons relying on the uncorrected document and adversely affected by the correction. As to those persons, articles of correction are effective when filed.