Iowa Statutes
§ 497.34 — Indemnification
Iowa § 497.34
This text of Iowa § 497.34 (Indemnification) 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 § 497.34 (2026).
Text
A cooperative association operating under this chapter may indemnify any present or
former director, officer, employee, member, or volunteer in the manner and in the instances
authorized in sections 490.850 through 490.859, provided that where sections 490.850
through 490.859 provide for action by shareholders the sections are applicable to action by
voting members of the cooperative association, and where sections 490.850 through 490.859
refer to the corporation organized under chapter 490 the sections are applicable to the
cooperative association organized under this chapter, and where sections 490.850 through
490.859 refer to the director the sections are applicable to a director, officer, employee,
member, or volunteer of the cooperative association organized under this chapter.
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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
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Bluebook (online)
Iowa § 497.34, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/497.34.