§ 500.3 — Applicability of chapter

Iowa § 500.3

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 500: COLLECTIVE MARKETING

Text

The provisions of this chapter shall apply:
1. To corporations organized under the provisions of chapter 497.
2. a. To other incorporated associations or companies organized without capital stock,
not for pecuniary profit and for the mutual benefit of their members.
b. Forpurposesofthissubsection, “notforpecuniaryprofit”includesbutisnotnecessarily
limited to an incorporated association organized to assist its members to make profits for
themselves as producers by the means authorized in section 500.1, but not to make income
or profit for distribution to its members, directors, or officers, except as provided in chapter
504.

Legislative History

[C24, 27, 31, 35, 39, §8515; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §500.3; 81 Acts, ch 162, §1]