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2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1020 - AMENDMENT OF BYLAWS BY BOARD OF DIRECTORS OR SHAREHOLDERS.

        490.1020  AMENDMENT OF BYLAWS BY BOARD OF DIRECTORS OR
      SHAREHOLDERS.
         1.  A corporation's shareholders may amend or repeal the
      corporation's bylaws.
         2.  A corporation's board of directors may amend or repeal the
      corporation's bylaws unless either of the following apply:
         a.  The articles of incorporation or section 490.1021 reserve
      that power exclusively to the shareholders in whole or in part.
         b.  The shareholders in amending, repealing, or adopting a
      bylaw expressly provide that the board of directors shall not amend,
      repeal, or reinstate that bylaw.
         Section History: Recent Form
         89 Acts, ch 288, §118; 2002 Acts, ch 1154, §63, 125

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