Iowa Code

Iowa Code § 498.2 (2026)

Purposes of cooperative — limitation

✓ current as of July 2026

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Any number of persons, not less than five, may associate themselves as a cooperative association, without capital stock, for the purpose of conducting any agricultural, livestock, horticultural, dairy, ethanol production, mercantile, mining, manufacturing, or mechanical business, or the constructing and operating of telephone and high tension electric transmission lines on the cooperative plan and of acting as a cooperative selling agency. Cooperative livestock shipping associations organized under this chapter shall do business with members only. [C24, 27, 31, 35, 39, §8486; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §498.2] 92 Acts, ch 1099, §8 Referred to in §502.102

Notes of Decisions

Cited in 2 cases, 2015–2015 · leading case: Dolphin Residential Coop., Inc. v. Iowa City Bd. of Review, 863 N.W.2d 644 (Iowa 2015).

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Dolphin Residential Coop., Inc. v. Iowa City Bd. of Review, 863 N.W.2d 644 (Iowa 2015). · cites it 13× “Iowa Code section 498.2 provides that “[a]ny number of persons, not less than five, may associate themselves as a cooperative association .”

Amended July 21, 2015 Dolphin Residential Coop., Inc. v. Iowa City Bd. of Review (Iowa 2015). · cites it 7× “Iowa Code section 498.2 provides that “[a]ny number of persons, not less than five, may associate themselves as a cooperative association .”

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