2014 Iowa Code
TITLE XII - BUSINESS ENTITIES
SUBTITLE 3 - ASSOCIATIONS
CHAPTER 501A - COOPERATIVE ASSOCIATIONS ACT
SECTION 501A.708 - Action of board of directors.
501A.708 Action of board of directors.
1. Except as provided in subsection 2, the board shall only take action at a duly held meeting by the affirmative vote of any of the following:
a. A majority of directors present at the meeting.
b. A majority of the directors’ voting power present at the meeting.
2. The articles or bylaws may require the affirmative vote of a larger vote than provided in subsection 1. If the articles or bylaws require a larger vote than is required by this chapter for a particular action, the articles or bylaws control.
2005 Acts, ch 135, §42
Disclaimer: These codes may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
