Iowa § 501.614 Vote of members

Iowa Statutes

§ 501.614 — Vote of members

Iowa § 501.614

Title XIIBUSINESS ENTITIES

Ch. 501CLOSED COOPERATIVES

This text of Iowa § 501.614 (Vote of members) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 501.614 (2026).

Text

1.The board of directors of a cooperative, upon approving a plan of merger or consolidation, shall, by motion or resolution, direct that the plan be submitted to a vote at a meeting of members, which may be either an annual or special meeting. Written notice shall be given not less than twenty days prior to the meeting, either personally or by mail, to each voting member of record. The notice shall state the time, place, and purpose of the meeting, and a summary of the plan of merger or consolidation shall be included in or enclosed with the notice.

2.At the meeting, a vote of the members who are entitled to vote in the affairs of the association shall be taken on the proposed plan of merger or consolidation. The plan of merger or consolidation shall be approved if two-thirds of the memb

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1. The board of directors of a cooperative, upon approving a plan of merger or
consolidation, shall, by motion or resolution, direct that the plan be submitted to a vote at a
meeting of members, which may be either an annual or special meeting. Written notice shall
be given not less than twenty days prior to the meeting, either personally or by mail, to each
voting member of record. The notice shall state the time, place, and purpose of the meeting,
and a summary of the plan of merger or consolidation shall be included in or enclosed with
the notice.
2. At the meeting, a vote of the members who are entitled to vote in the affairs of the
association shall be taken on the proposed plan of merger or consolidation. The plan of
merger or consolidation shall be approved if two-thirds of the members vote affirmatively
and a majority of all voting members participate in the voting.