Iowa § 501A.708 Action of board of directors

Iowa Statutes

§ 501A.708 — Action of board of directors

Iowa § 501A.708

Title XIIBUSINESS ENTITIES

Ch. 501ACOOPERATIVE ASSOCIATIONS ACT

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Bluebook

Iowa Code § 501A.708 (2026).

Text

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.

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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.