2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.821 - ACTION WITHOUT MEETING.

        490.821  ACTION WITHOUT MEETING.
         1.  Except to the extent that the articles of incorporation or
      bylaws require that action by the board of directors be taken at a
      meeting, action required or permitted by this chapter to be taken by
      the board of directors may be taken without a meeting if each
      director signs a consent describing the action to be taken and
      delivers it to the corporation.
         2.  Action taken under this section is the act of the board of
      directors when one or more consents signed by all the directors are
      delivered to the corporation.  The consent may specify the time at
      which the action taken is to be effective.  A director's consent may
      be withdrawn by revocation signed by the director and delivered to
      the corporation prior to delivery to the corporation of unrevoked
      written consents signed by all the directors.
         3.  A consent signed under this section has the effect of an
      action taken at a meeting of the board of directors and may be
      described as such in any document.  

         89 Acts, ch 288, §84; 2002 Acts, ch 1154, §34, 125
         Referred to in § 490.825