2009 Iowa Code
Title 13 - Commerce
Subtitle 2 - Financial Institutions
CHAPTER 524 - BANKS
524.603 - VACANCIES.

        524.603  VACANCIES.
         Unless otherwise provided in the articles of incorporation, the
      bylaws, or by action of the shareholders, any vacancy occurring in
      the board of directors may be filled by the affirmative vote of the
      majority of the directors then in office, even if less than a quorum
      of the board of directors.  A director so elected shall be elected
      for the unexpired term of the director's predecessor in office.  
         Section History: Early Form
         [C97, § 1846; C24, 27, 31, 35, 39, § 9170; C46, 50, 54, 58,
      62, 66, § 526.13; C71, 73, 75, 77, 79, 81, § 524.603]

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