2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.728 - VOTING FOR DIRECTORS -- CUMULATIVE VOTING.

        490.728  VOTING FOR DIRECTORS -- CUMULATIVE VOTING.
         1.  Unless otherwise provided in the articles of incorporation,
      directors are elected by a plurality of the votes cast by the shares
      entitled to vote in the election at a meeting at which a quorum is
      present.
         2.  Shareholders do not have a right to cumulate their votes for
      directors unless the articles of incorporation so provide.
         3.  A statement included in the articles of incorporation that
      "[all] [a designated voting group of] shareholders are entitled to
      cumulate their votes for directors", or words of similar import,
      means that the shareholders designated are entitled to multiply the
      number of votes they are entitled to cast by the number of directors
      for whom they are entitled to vote and cast the product for a single
      candidate or distribute the product among two or more candidates.  
         Section History: Recent Form

         89 Acts, ch 288, §68; 90 Acts, ch 1205, §25; 2002 Acts, ch 1154,
      §20, 125
         Referred to in § 490.725, 534.504

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