498.24 - BIENNIAL REPORT -- PENALTY.

        498.24  BIENNIAL REPORT -- PENALTY.         Section 504.1613 applies to a cooperative association organized      under this chapter in the same manner as that section applies to a      corporation organized under chapter 504.  In addition to the      information required to be set forth in the biennial report under      section 504.1613, the cooperative association shall also set forth      the total amount of business transacted, number of members, total      expense of operation, total amount of indebtedness, and total profits      or losses for each calendar or fiscal year of the two-year period      which ended immediately preceding the first day of January of the      year in which the report is filed.         A cooperative association which fails to comply with this section      before April 1 of the year in which the report is due is subject to a      penalty of ten dollars.  
         Section History: Early Form
         [C24, 27, 31, 35, 39, § 8508; C46, 50, 54, 58, 62, 66, 71, 73,      75, 77, 79, 81, § 498.24] 
         Section History: Recent Form
         97 Acts, ch 171, §28; 2004 Acts, ch 1049, §185, 191, 192         Referred to in § 498.25, 498.27