Iowa Code § 501.806
Current through March 29, 2024
Upon the cooperative's dissolution, the cooperative's assets shall first be used to pay expenses necessary to carry out the dissolution and liquidation of assets, then be used to pay the cooperative's obligations other than the payment of deferred patronage or interests issued as deferred patronage, and the remainder shall be paid in the manner set forth in the cooperative's articles of association.
Iowa Code § 501.806
98 Acts, ch 1152, §56, 69