185.24 - TERMINATION OF A PROMOTIONAL ORDER.
185.24 TERMINATION OF A PROMOTIONAL ORDER.
If a promotional order is not extended as determined by a
referendum, the secretary and the board shall terminate the
promotional order in an orderly manner as soon as practicable. After
all moneys collected from the state assessment are expended, the
board shall remain in existence as provided in its articles of
incorporation or bylaws. The directors shall no longer be elected as
required in this chapter. The ex officio directors shall no longer
serve on the board. The board shall cease to administer this
chapter, and the board shall no longer carry out its duties or
exercise its powers as provided in this chapter. However, if a
future referendum passes, the board shall be reorganized by the
secretary and the directors then serving on the board shall be deemed
to be the same directors who served on the board when the promotional
order was terminated. The directors shall serve out their terms as
though there had been no lapse of time between the two effective
orders. Section History: Early Form
[C73, 75, 77, 79, 81, § 185.24] Section History: Recent Form
94 Acts, ch 1146, §24; 2005 Acts, ch 82, §21
Referred to in § 185.25