501.302 Calling and notice of meetings.
147 words·~1 min read·
/ia/chapter-501-closed-cooperatives/501-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. A cooperative shall hold an annual member meeting at a time and place fixed in accordance with the bylaws.
2. The board may call special member meetings, and the board shall call a special member meeting upon the written demand of twenty percent of the members.
3. A cooperative shall give each member at least ten days’ advance notice of the time, place, and the issues to be considered at each member meeting. This notice may be given in person or by mail to the last known address of the member, or the notice requirement may be met by the member waiving the notice.
4. The record date for determining the members entitled to notice of and to vote at a member meeting is the close of business on the day before the first notices for the meeting are delivered or mailed.
Referred to in §501.802