512B.25 Annual license — renewal. The authority of a society to transact business in this state may be renewed annually. A license terminates on the first day of June following issuance or renewal. A society shallsubmit annually on or before March 1 a completed application for renewal of its license. Foreach license or renewal the society shall pay the commissioner a fee of fifty dollars. A societythat fails to timely file an application for renewal shall pay an administrative penalty of fivehundred dollars to the treasurer of state for deposit as provided in section 505.7. A dulycertified copy or duplicate of the license is prima facie evidence that the licensee is a fraternalbenefit society within the meaning of this chapter. 90 Acts, ch 1148, §26; 92 Acts, ch 1162, §18; 2006 Acts, ch 1117, §55; 2007 Acts, ch 126, §90; 2009 Acts, ch 181, §71 Sat Dec 23 00:43:23 2023 Iowa Code 2024, Section 512B.25 (20, 0)
Iowa Legal Code