Iowa Code § 501A.708: Action of board of directors.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 501A - COOPERATIVE ASSOCIATIONS ACT
- Subchapter VII - DIRECTORS — LIABILITY AND INDEMNIFICATION — OFFICERS
- Part 1 - 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.
Collected 2026-09-14T19:40:12Z. Source file · JSON