501A.1212 - DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS. - Iowa Statutes

501A.1212 DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS. The involuntary or supervised voluntary dissolution of a cooperative may be discontinued at any time during the dissolution proceedings if it is established that cause for dissolution does not exist. The court shall dismiss the proceedings and direct the receiver, if any, to redeliver to the cooperative its remaining property and assets.          Section History: Recent Form 2005 Acts, ch 135, §96