Iowa § 501A.1205 Articles of dissolution

Iowa Statutes

§ 501A.1205 — Articles of dissolution

Iowa § 501A.1205

Title XIIBUSINESS ENTITIES

Ch. 501ACOOPERATIVE ASSOCIATIONS ACT

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Bluebook

Iowa Code § 501A.1205 (2026).

Text

1.Conditions to file. Articles of dissolution of a cooperative shall be filed with the secretary after payment of the claims of all known creditors and claimants has been made or provided for and the remaining property has been distributed by the board. The articles of dissolution shall state all of the following:

a.The name of the cooperative.

b.All debts, obligations, and liabilities of the cooperative have been paid or discharged or adequate provisions have been made for them or time periods allowing claims have run and other claims are not outstanding.

c.The remaining property, assets, and claims of the cooperative have been distributed among the members or under a liquidation authorized by the members.

d.Legal, administrative, or arbitration proceedings by or against the cooperat

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1. Conditions to file. Articles of dissolution of a cooperative shall be filed with the
secretary after payment of the claims of all known creditors and claimants has been made
or provided for and the remaining property has been distributed by the board. The articles
of dissolution shall state all of the following:
a. The name of the cooperative.
b. All debts, obligations, and liabilities of the cooperative have been paid or discharged or
adequate provisions have been made for them or time periods allowing claims have run and
other claims are not outstanding.
c. The remaining property, assets, and claims of the cooperative have been distributed
among the members or under a liquidation authorized by the members.
d. Legal, administrative, or arbitration proceedings by or against the cooperative are not
pending or adequate provision has been made for the satisfaction of a judgment, order, or
decree that may be entered against the cooperative in a pending proceeding.
2. Dissolution effective on filing. The cooperative is dissolved when the articles of
dissolution have been filed with the secretary.
3. Certificate. The secretary shall issue to the dissolved cooperative or its legal
representative a certificate of dissolution that contains all of the following:
a. The name of the dissolved cooperative.
b. The date the articles of dissolution were filed with the secretary.
§501A.1205, COOPERATIVE ASSOCIATIONS ACT 56
c. A statement that the cooperative is dissolved.