Iowa § 497.21 Dissolution

Iowa Statutes

§ 497.21 — Dissolution

Iowa § 497.21

Title XIIBUSINESS ENTITIES

Ch. 497COOPERATIVE ASSOCIATIONS

This text of Iowa § 497.21 (Dissolution) 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 § 497.21 (2026).

Text

If such association, for five consecutive years, shall fail to declare a dividend upon the
shares of its paid-up capital, five or more stockholders, by petition, setting forth such fact,
may apply to the district court of the county wherein is situated its principal place of business

in this state, for its dissolution. If, upon hearing, the allegations of the petition are found to
be true, the court may adjudge a dissolution of the association.

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If such association, for five consecutive years, shall fail to declare a dividend upon the
shares of its paid-up capital, five or more stockholders, by petition, setting forth such fact,
may apply to the district court of the county wherein is situated its principal place of business

in this state, for its dissolution. If, upon hearing, the allegations of the petition are found to
be true, the court may adjudge a dissolution of the association.