499.49 - BIENNIAL REPORT.
499.49 BIENNIAL REPORT. Section 504.1613 applies to a cooperative organized under this chapter in the same manner as that section applies to a corporation organized under chapter 504. In addition to the information required to be set forth in the biennial report under section 504.1613, the cooperative shall also set forth the number of members of the cooperative, the percentage of the cooperative's business done with or for its own members during each of the fiscal or calendar years of the preceding two-year period, the percentage of the cooperative's business done with or for each class of nonmembers specified in section 499.3, and any other information deemed necessary by the secretary of state to advise the secretary whether the cooperative is actually functioning as a cooperative.
Section History: Early Form [C35, § 8512-g49; C39, § 8512.49; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 499.49]
Section History: Recent Form 93 Acts, ch 126, § 17; 97 Acts, ch 171, §31; 2004 Acts, ch 1049, §186, 191, 192 Referred to in § 499.43A, 499.43B, 499.76