§ 504.805 — Terms of directors generally

Iowa § 504.805

• Jurisdiction: Iowa
• Title XII: BUSINESS ENTITIES
• Ch. 504: REVISED IOWA NONPROFIT CORPORATION ACT

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1. The articles or bylaws of a corporation may specify the terms of directors. If the term is
notspecifiedinthearticlesorbylaws, thetermofadirectorisoneyear. Exceptfordesignated
or appointed directors, and except as otherwise provided in the articles or bylaws, the terms
of directors shall not exceed five years. Directors may be elected for successive terms.
2. A decrease in the number or term of directors does not shorten an incumbent director’s
term.
3. Except as provided in the articles or bylaws, both of the following apply:
a. The term of a director filling a vacancy in the office of a director elected by members
expires at the next election of directors by members.
b. Thetermofadirectorfillinganyothervacancyexpiresattheendoftheunexpiredterm
which such director is filling.
4. Despite the expiration of a director’s term, the director continues to serve until the
director’s successor is elected, designated, or appointed, and qualifies, or until there is a
decrease in the number of directors.