2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.725 - QUORUM AND VOTING REQUIREMENTS FOR VOTING GROUPS.

        490.725  QUORUM AND VOTING REQUIREMENTS FOR VOTING
      GROUPS.
         1.  Shares entitled to vote as a separate voting group may take
      action on a matter at a meeting only if a quorum of those shares
      exists with respect to that matter.  Unless the articles of
      incorporation or this chapter provides otherwise, a majority of the
      votes entitled to be cast on the matter by the voting group
      constitutes a quorum of that voting group for action on that matter.

         2.  Once a share is represented for any purpose at a meeting, it
      is deemed present for quorum purposes for the remainder of the
      meeting and for any adjournment of that meeting unless a new record
      date is or must be set for that adjourned meeting.
         3.  If a quorum exists, action on a matter, other than the
      election of directors, by a voting group is approved if the votes
      cast within the voting group favoring the action exceed the votes
      cast opposing the action, unless the articles of incorporation or
      this chapter require a greater number of affirmative votes.
         4.  An amendment of articles of incorporation adding, changing, or
      deleting a quorum or voting requirement for a voting group greater
      than specified in subsection 2 or 3 is governed by section 490.727.
         5.  The election of directors is governed by section 490.728.  

         89 Acts, ch 288, §65
         Referred to in § 490.726, 534.504