2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1021 - BYLAW INCREASING QUORUM OR VOTING REQUIREMENT FOR DIRECTORS.

        490.1021  BYLAW INCREASING QUORUM OR VOTING
      REQUIREMENT FOR DIRECTORS.
         1.  A bylaw that increases a quorum or voting requirement for the
      board of directors may be amended or repealed as follows:
         a.  If adopted by the shareholders, only by the shareholders,
      unless the bylaws otherwise provide.
         b.  If adopted by the board of directors, either by the
      shareholders or by the board of directors.
         2.  A bylaw adopted or amended by the shareholders that increases
      a quorum or voting requirement for the board of directors may provide
      that it can be amended or repealed only by a specified vote of either
      the shareholders or the board of directors.
         3.  Action by the board of directors under subsection 1 to amend
      or repeal a bylaw that changes the quorum or voting requirement for
      the board of directors must meet the same quorum requirement and be
      adopted by the same vote required to take action under the quorum and
      voting requirement then in effect or proposed to be adopted,
      whichever is greater.  
         Section History: Recent Form
         89 Acts, ch 288, §119; 2002 Acts, ch 1154, §64, 125
         Referred to in § 490.1020

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