2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.805 - TERMS OF DIRECTORS GENERALLY.

        490.805  TERMS OF DIRECTORS GENERALLY.
         1.  The terms of the initial directors of a corporation expire at
      the first shareholders' meeting at which directors are elected.
         2.  The terms of all other directors expire at the next annual
      shareholders' meeting following their election unless their terms are
      staggered under section 490.806.
         3.  A decrease in the number of directors does not shorten an
      incumbent director's term.
         4.  The term of a director elected to fill a vacancy expires at
      the next shareholders' meeting at which directors are elected.
         5.  Despite the expiration of a director's term, the director
      continues to serve until a successor for that director is elected and
      qualifies or until there is a decrease in the number of directors.
      

         89 Acts, ch 288, §76