Section 501A.505. Existence.

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1. Commencement. The existence of a cooperative shall commence on or after the filing of articles of organization as provided in section 501A.503.
2. Duration. A cooperative shall have a perpetual duration unless the cooperative provides for a limited period of duration in the articles or the cooperative is dissolved as provided in subchapter XII.
2005 Acts, ch 135, §29

                    
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