Iowa Statutes
§ 497.17 — Reserve fund
Iowa § 497.17
This text of Iowa § 497.17 (Reserve fund) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 497.17 (2026).
Text
The board of directors, subject to revision by the association at any general or special
meeting,shalleachyearsetasidenotlessthantenpercentofthenetprofitsforareservefund,
until an amount has accumulated therein equal to fifty percent of the paid-up capital stock.
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Legislative History
[SS15, §1641-r13; C24, 27, 31, 35, 39, §8475; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
§497.17]
Nearby Sections
15
§ 497.1
Purposes of cooperative§ 497.10
Powers§ 497.12
Stockholding§ 497.13
Issue of shares as payment§ 497.14
May act as trustee§ 497.15
Paid-up stock — right to vote§ 497.16
Voting by mail§ 497.17
Reserve fund§ 497.18
Educational fund — dividends§ 497.19
Additional dividends§ 497.2
Articles of incorporation§ 497.20
When dividends distributed§ 497.21
Dissolution§ 497.22
Biennial report — penaltyCite This Page — Counsel Stack
Bluebook (online)
Iowa § 497.17, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/497.17.