{"data":{"id":"us-ia/iowa-code-497.12","jurisdiction":"us-ia","citation":"Iowa Code § 497.12","heading":"Stockholding.","body":"At any regular meeting, or any regularly called special meeting, at which at least a majority of all of its stockholders shall be present, or represented, an association organized under this chapter, may by a majority vote of the stockholders present or represented, subscribe for shares and invest its reserve fund, not to exceed twenty-five percent of its capital, in the capital stock of any other cooperative association.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 497 - COOPERATIVE ASSOCIATIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/497.12.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"7a1527cc27e2672a971fdd1beea0f8683995e69ed332e9f56ee79522616c114c","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-497.11","next":"us-ia/iowa-code-497.13"},"notice":"GroundRules: Original legal text. Not legal advice."}