499A.7 Reorganizing prior to expiration of term.
43 words·~1 min read·
/ia/chapter-499a-multiple-housing/499a-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The directors or members of any cooperative organized under this chapter may reorganize the cooperative, and all the property and rights of the cooperative shall vest in the cooperative as reorganized.
[C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499A.7]