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Marginalia
Code · Iowa · Chapter 501 — Closed Cooperatives

501.401 Number and election.

50 words·~1 min read·/ia/chapter-501-closed-cooperatives/501-401

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The affairs of a cooperative shall be managed by a board of not less than three directors.
2. The members shall elect the directors as prescribed in the articles or bylaws.
3. Each director shall serve the term prescribed in the articles or bylaws. The terms may be staggered.
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