501.811 Grounds for administrative dissolution.
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/ia/chapter-501-closed-cooperatives/501-811·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The secretary of state may commence a proceeding under section 501.812 to administratively dissolve a cooperative if any of the following apply:
1. The cooperative has not delivered a biennial report to the secretary of state in a form that meets the requirements of section 501.713, within sixty days after it is due, or has not paid the filing fee as determined by the secretary of state, within sixty days after it is due.
2. The cooperative is without a registered agent or registered office in this state for sixty days or more.
3. The cooperative does not notify the secretary of state within sixty days that its registered agent or registered office has been changed, that its registered agent has resigned, or that its registered office has been discontinued.
4. The cooperative’s period of duration stated in its articles of association expires.
Referred to in §501.812