§ 490.707 — Record date for meeting

Iowa § 490.707

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 490: BUSINESS CORPORATIONS

Text

1. The bylaws may fix or provide the manner of fixing the record date or dates for one
or more voting groups to determine the shareholders entitled to notice of a shareholders’
meeting, to demand a special meeting, to vote, or to take any other action. If the bylaws do
not fix or provide for fixing a record date, the board of directors may fix the record date.
2. A record date fixed under this section shall not be more than seventy days before the
meeting or action requiring a determination of shareholders and shall not be retroactive.
3. A determination of shareholders entitled to notice of or to vote at a shareholders’
meeting is effective for any adjournment of the meeting unless the board of directors fixes a
new record date or dates, which it shall do if the meeting is adjourned to a date more than
one hundred twenty days after the date fixed for the original meeting.
4. If a court orders a meeting adjourned to a date more than one hundred twenty days
after the date fixed for the original meeting, it may provide that the original record date or
dates continue in effect or it may fix a new record date or dates.
5. The record date or dates for a shareholders’ meeting fixed by or in the manner
provided in the bylaws or by the board of directors shall be the record date for determining
shareholders entitled both to notice of and to vote at the shareholders’ meeting unless, in
the case of a record date fixed by the board of directors and to the extent not prohibited by
the bylaws, the board, at the time it fixes the record date for shareholders entitled to notice
of the meeting, fixes a later record date on or before the date of the meeting to determine
the shareholders entitled to vote at the meeting.