There is a newer version of the Iowa Code
2014 Iowa Code
TITLE XII - BUSINESS ENTITIES
SUBTITLE 3 - ASSOCIATIONS
CHAPTER 497 - COOPERATIVE ASSOCIATIONS
SECTION 497.31 - Use of funds.
IA Code § 497.31 (2014) What's This?
497.31 Use of funds.
None of the funds of any association organized under the provisions of this chapter shall be used in the payment of any promotion; as commissions, salaries or expenses of any kind, character, or nature whatsoever.
[SS15, §1641-r18; C24, 27, 31, 35, 39, §8483; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §497.31]
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