185.24 - TERMINATION OF A PROMOTIONAL ORDER.

        185.24  TERMINATION OF A PROMOTIONAL ORDER.
         If a promotional order is not extended as determined by a
      referendum, the secretary and the board shall terminate the
      promotional order in an orderly manner as soon as practicable.  After
      all moneys collected from the state assessment are expended, the
      board shall remain in existence as provided in its articles of
      incorporation or bylaws.  The directors shall no longer be elected as
      required in this chapter.  The ex officio directors shall no longer
      serve on the board.  The board shall cease to administer this
      chapter, and the board shall no longer carry out its duties or
      exercise its powers as provided in this chapter.  However, if a
      future referendum passes, the board shall be reorganized by the
      secretary and the directors then serving on the board shall be deemed
      to be the same directors who served on the board when the promotional
      order was terminated.  The directors shall serve out their terms as
      though there had been no lapse of time between the two effective
      orders.  
         Section History: Early Form
         [C73, 75, 77, 79, 81, § 185.24] 
         Section History: Recent Form
         94 Acts, ch 1146, §24; 2005 Acts, ch 82, §21
         Referred to in § 185.25