Use of term “cooperative” restricted.

1. A person including a corporation hereafter organized, which is not an association as defined in this chapter or a cooperative as defined in chapter 501 or 501A , shall not use the word “cooperative” or any abbreviation thereof in its name or advertising or in any connection with its business, except foreign associations admitted under section 499.54 . The attorney general or any association or any member thereof may sue and enjoin such use. 2. This chapter does not control the use of fictitious names. However, if a cooperative association or a foreign cooperative association uses a fictitious name in this state, the cooperative association or foreign cooperative association shall deliver to the secretary of state for filing a copy of the resolution of its board of directors, certified by its secretary, adopting the fictitious name. [C35, §8512-g4; C39, § 8512.04; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §499.4 ] 97 Acts, ch 23, §56 ; 2001 Acts, ch 12, §2, 6 ; 2005 Acts, ch 135, §114 ; 2019 Acts, ch 24, §75 Referred to in §9.11