Iowa § 501A.716 Officers

Iowa Statutes

§ 501A.716 — Officers

Iowa § 501A.716

Title XIIBUSINESS ENTITIES

Ch. 501ACOOPERATIVE ASSOCIATIONS ACT

This text of Iowa § 501A.716 (Officers) 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 § 501A.716 (2026).

Text

1. Required officers. a. The board shall elect all of the following:

(1)A chairperson.

(2)One or more vice chairpersons. b. The board shall elect or appoint all of the following:

(1)A records officer.

(2)A financial officer. c. The officers, other than the chief executive officer, shall not have the authority to bind the cooperative except as authorized by the board. 2. Additional officers. The board may elect additional officers as the articles or bylaws authorize or require. 3. Records officer and financial officer may be combined. The offices of records officer and financial officer may be combined. 4. Officers that must be members. The chairperson and first vice chairperson shall be directors and members. The financial officer, records officer, and additional officers need not be d

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1. Required officers.
a. The board shall elect all of the following:
(1) A chairperson.
(2) One or more vice chairpersons.
b. The board shall elect or appoint all of the following:
(1) A records officer.
(2) A financial officer.
c. The officers, other than the chief executive officer, shall not have the authority to bind
the cooperative except as authorized by the board.
2. Additional officers. The board may elect additional officers as the articles or bylaws
authorize or require.
3. Records officer and financial officer may be combined. The offices of records officer
and financial officer may be combined.
4. Officers that must be members. The chairperson and first vice chairperson shall be
directors and members. The financial officer, records officer, and additional officers need not
be directors or members.
5. Chief executive officer. The board may employ a chief executive officer to manage the
day-to-dayaffairsandbusinessofthecooperative,andifachiefexecutiveofficerisemployed,
the chief executive officer shall have the authority to implement the functions, duties, and
obligations of the cooperative except as restricted by the board. The chief executive officer
shall not exercise authority reserved to the board or the members under this chapter, the
articles, or the bylaws.