{"data":{"id":"us-ia/iowa-code-501.401","jurisdiction":"us-ia","citation":"Iowa Code § 501.401","heading":"Number and election.","body":"1. The affairs of a cooperative shall be managed by a board of not less than three directors.\n2. The members shall elect the directors as prescribed in the articles or bylaws.\n3. Each director shall serve the term prescribed in the articles or bylaws. The terms may be staggered.","path":["Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)","Chapter 501 - CLOSED COOPERATIVES","Subchapter IV - DIRECTORS, OFFICERS, AND AGENTS","Part 1 - GENERAL PROVISIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/501.401.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:12Z","sha256":"e1d1ad5b4844749475f613423469a947b473891d7f111d5ec28bd5566965c3e3","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-501.307","next":"us-ia/iowa-code-501.402"},"notice":"GroundRules: Original legal text. Not legal advice."}