Section 504.1421 – Grounds for administrative dissolution.
504.1421 Grounds for administrative dissolution. The secretary of state may commence a proceeding under section 504.1422 to administratively dissolve a corporation if any of the following occurs: 1. The corporation does not deliver its biennial report to the secretary of state, in a form that meets the requirements of section 504.1613, within sixty days after […]
Section 504.1422 – Procedure for and effect of administrative dissolution.
504.1422 Procedure for and effect of administrative dissolution. 1. Upon determining that one or more grounds exist under section 504.1421 for dissolving a corporation, the secretary of state shall serve the corporation with written notice of that determination under section 504.504. 2. If the corporation does not correct each ground for dissolution or demonstrate to […]
Section 504.1423 – Reinstatement following administrative dissolution.
504.1423 Reinstatement following administrative dissolution. 1. A corporation administratively dissolved under section 504.1422 may apply to the secretary of state for reinstatement at any time after the effective date of dissolution. The application must state all of the following: a. The name of the corporation and the effective date of its administrative dissolution. b. That […]
Section 504.1424 – Appeal from denial of reinstatement.
504.1424 Appeal from denial of reinstatement. 1. The secretary of state, upon denying a corporation’s application for reinstatement following administrative dissolution, shall serve the corporation under section 504.504 with a written notice that explains the reason or reasons for denial. 2. The corporation may appeal the denial of reinstatement to the district court within ninety […]
Section 504.1108 – Conversion.
504.1108 Conversion. A corporation organized under this chapter that is an insurance company may voluntarily elect to be organized as a mutual insurance company under chapter 490 or 491 pursuant to the procedures set forth in section 514.23. 2004 Acts, ch 1049, §132, 192
Section 504.1431 – Grounds for judicial dissolution.
504.1431 Grounds for judicial dissolution. 1. The district court may dissolve a corporation in any of the following ways: a. In a proceeding brought by the attorney general, if any of the following is established: (1) The corporation obtained its articles of incorporation through fraud. (2) The corporation has continued to exceed or abuse the […]
Section 504.1201 – Sale of assets in regular course of activities and mortgage of assets.
504.1201 Sale of assets in regular course of activities and mortgage of assets. 1. A corporation may, on the terms and conditions and for the consideration determined by the board of directors, do either of the following: a. Sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property in the usual […]
Section 504.1432 – Procedure for judicial dissolution.
504.1432 Procedure for judicial dissolution. 1. Venue for a proceeding brought by the attorney general to dissolve a corporation lies in Polk county. Venue for a proceeding brought by any other party named in section 504.1431 lies in the county where a corporation’s principal office is located or, if none is located in this state, […]
Section 504.1202 – Sale of assets other than in regular course of activities.
504.1202 Sale of assets other than in regular course of activities. 1. A corporation may sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property, with or without the goodwill, other than in the usual and regular course of its activities on the terms and conditions and for the consideration determined […]
Section 504.1433 – Receivership or custodianship.
504.1433 Receivership or custodianship. 1. A court in a judicial proceeding brought to dissolve a public benefit or mutual benefit corporation may appoint one or more receivers to wind up and liquidate, or one or more custodians to manage, the affairs of the corporation. The court shall hold a hearing, after notifying all parties to […]