§ 501.804 — Revocation of dissolution

Iowa § 501.804

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 501: CLOSED COOPERATIVES

Text

1. A cooperative may revoke its dissolution within one hundred twenty days of the
effective date of the dissolution.
2. Revocationofdissolutionmustbeauthorizedinthesamemannerasthedissolutionwas
authorized unless that authorization permitted revocation by action of the board of directors
alone, in which event the board of directors may revoke the dissolution without member
action.
3. After the revocation of dissolution is authorized, the cooperative may revoke the
dissolutionbydeliveringtothesecretaryofstateforfilingarticlesofrevocationofdissolution,
together with a copy of its articles of dissolution, that set forth all of the following:
a. The name of the cooperative.
b. The effective date of the dissolution that was revoked.
c. The date that the revocation of dissolution was authorized.
d. If the cooperative’s board of directors or organizers revoked the dissolution, a
statement to that effect.
e. Ifthecooperative’sboardofdirectorsrevokedadissolutionauthorizedbythemembers,
a statement that revocation was permitted by action by the board of directors alone pursuant
to that authorization.
f. If member action was required to revoke the dissolution, the information required by
section 501.803, subsection 1, paragraph “c”.
4. Revocationofdissolutioniseffectiveupontheeffectivedateofthearticlesofrevocation
of dissolution.
5. When the revocation of dissolution is effective, it relates back to and takes effect as of
the effective date of the dissolution as if the dissolution had never occurred.