There is a newer version
of
this Section
2018 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 504 - REVISED IOWA NONPROFIT CORPORATION ACT
Section 504.712 - Voting entitlement generally.
Universal Citation: IA Code § 504.712 (2018)
504.712
Voting entitlement generally.
1. Except as provided in the articles of incorporation or bylaws, each member shall be entitled to one vote on each matter submitted to a vote of members.
2. Unless the articles or bylaws provide otherwise, if a membership stands of record in the names of two or more persons, the persons’ acts with respect to voting shall have the following effect:
a. If only one votes, such act binds all.
b. If more than one votes, the vote shall be divided on a pro rata basis.
2004 Acts, ch 1049, §64, 192; 2015 Acts, ch 45, §6
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
