Iowa Code 501A.405 – Service on foreign cooperative
Current as of: 2023 | Check for updates
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1. The registered agent of a foreign cooperative authorized to transact business in this state is the foreign cooperative‘s agent for service of process, notice, or demand required or permitted by law to be served on the foreign cooperative.
Terms Used In Iowa Code 501A.405
- 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
- Service of process: The service of writs or summonses to the appropriate party.
- 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
- United States: includes all the states. See Iowa Code 4.1
2. A foreign cooperative may be served by certified mail or restricted certified mail addressed to the foreign cooperative at its principal office shown in its application for a certificate of authority if the foreign cooperative meets any of the following conditions:
a. Has no registered agent or its registered agent cannot with reasonable diligence be served.
b. Has withdrawn from transacting business in this state.
c. Has had its certificate of authority revoked.
3. Service is perfected under subsection 2 at the earliest of any of the following:
a. The date the foreign cooperative receives the mail.
b. The date shown on the return receipt for the restricted certified mail, if signed on behalf of the foreign cooperative.
c. Five days after its deposit in the United States mail, as evidenced by the postmark, if mailed postpaid and correctly addressed.
4. A foreign cooperative may also be served in any other manner permitted by law.