501A.204 - CORRECTING FILED DOCUMENTS.

        501A.204  CORRECTING FILED DOCUMENTS.         1.  A domestic cooperative or foreign cooperative may correct a      document filed by the secretary if the document satisfies any of the      following requirements:         a.  Contains an incorrect statement.         b.  Was defectively executed, attested, sealed, verified, or      acknowledged.         2.  A document is corrected by complying with all of the      following:         a.  By preparing articles of correction that satisfy all of      the following requirements:         (1)  Describe the document, including its filing date, or attach a      copy of the document to the articles.         (2)  Specify the incorrect statement and the reason the statement      is incorrect or the manner in which the execution was defective.         (3)  Correct the incorrect statement or defective execution.         b.  By delivering the articles of correction to the secretary      for filing.         3.  Articles of correction are effective on the effective date of      the document the articles correct, except as to persons relying on      the uncorrected document and adversely affected by the correction.      As to those persons, articles of correction are effective when filed.      
         Section History: Recent Form
         2005 Acts, ch 135, §7         Referred to in § 501A.202, 501A.203