Statutes > Iowa Statutes > Title 12 - Business Entities > Subtitle 3 - Associations > CHAPTER 497 - COOPERATIVE ASSOCIATIONS > 497.1 - PURPOSES OF COOPERATIVE.

497.1 - PURPOSES OF COOPERATIVE.

        497.1  PURPOSES OF COOPERATIVE.         Any number of persons, not less than five, may associate      themselves as a cooperative association, society, company, or      exchange, for the purpose of conducting any agricultural, dairy,      ethanol production, mercantile, mining, manufacturing, or mechanical      business on the cooperative plan.  For the purposes of this chapter,      the words "association", "company", "corporation",      "exchange", "society", or "union", shall be construed to      mean the same.
         Section History: Early Form
         [SS15, § 1641-r1; C24, 27, 31, 35, 39, § 8459; C46, 50, 54,      58, 62, 66, 71, 73, 75, 77, 79, 81, § 497.1]
         Section History: Recent Form
         92 Acts, ch 1099, § 7         Referred to in § 497.3, 502.102