There is a newer version of the Iowa Code
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.Section History: Recent Form
89 Acts, ch 288, §76
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