§ 501A.1203 — Revocation of dissolution proceedings

Iowa § 501A.1203

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 501A: COOPERATIVE ASSOCIATIONS ACT

Text

1. Authority to revoke. Dissolution proceedings may be revoked before the articles of
dissolution are filed with the secretary.
2. Revocation by members. The chairperson may call a members’ meeting to consider
the advisability of revoking the dissolution proceedings. The question of the proposed
revocation shall be submitted to the members at the members’ meeting called to consider
the revocation. The dissolution proceedings are revoked if the proposed revocation is
approved at the members’ meeting by a majority of the members of the cooperative or, for a
cooperative with articles or bylaws requiring a greater number of members, the number of
members required by the articles or bylaws.
3. Filing with the secretary. Revocation of dissolution proceedings is effective when a
notice of revocation is filed with the secretary. After the notice is filed, the cooperative may
resume business.