Iowa § 499.39 Referendum

Iowa Statutes

§ 499.39 — Referendum

Iowa § 499.39

Title XIIBUSINESS ENTITIES

Ch. 499COOPERATIVE ASSOCIATIONS

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Bluebook

Iowa Code § 499.39 (2026).

Text

If provided for in the articles of incorporation, any action of directors shall, on demand of
one-third of the directors made and recorded at the same meeting, be referred to a regular or
special meeting of members called for such purpose. Such action shall stand until and unless
annulled by a majority of the votes cast at such meeting, which vote shall not impair rights
of third parties previously acquired.

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If provided for in the articles of incorporation, any action of directors shall, on demand of
one-third of the directors made and recorded at the same meeting, be referred to a regular or
special meeting of members called for such purpose. Such action shall stand until and unless
annulled by a majority of the votes cast at such meeting, which vote shall not impair rights
of third parties previously acquired.