501A.405 - SERVICE ON FOREIGN COOPERATIVE.
501A.405 SERVICE ON FOREIGN COOPERATIVE. 1. The registered agent of a foreign cooperative authorized to transact business in this state is the foreign cooperative's agent for service of process, notice, or demand required or permitted by law to be served on the foreign cooperative. 2. A foreign cooperative may be served by certified mail or restricted certified mail addressed to the foreign cooperative at its principal office shown in its application for a certificate of authority if the foreign cooperative meets any of the following conditions: a. Has no registered agent or its registered agent cannot with reasonable diligence be served. b. Has withdrawn from transacting business in this state. c. Has had its certificate of authority revoked. 3. Service is perfected under subsection 2 at the earliest of any of the following: a. The date the foreign cooperative receives the mail. b. The date shown on the return receipt for the restricted certified mail, if signed on behalf of the foreign cooperative. c. Five days after its deposit in the United States mail, as evidenced by the postmark, if mailed postpaid and correctly addressed. 4. A foreign cooperative may also be served in any other manner permitted by law.
Section History: Recent Form 2005 Acts, ch 135, §24