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2011 Iowa Code
TITLE XII BUSINESS ENTITIES
SUBTITLE 3 ASSOCIATIONS
CHAPTER 501 CLOSED COOPERATIVES
501.401 Number and election.


IA Code § 501.401 What's This?

501.401 Number and election.

1. The affairs of a cooperative shall be managed by a board of not less than three directors.

2. The members shall elect the directors as prescribed in the articles or bylaws.

3. Each director shall serve the term prescribed in the articles or bylaws. The terms may be staggered.

96 Acts, ch 1010, §22

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