yourstate.us
Iowa Code § 501.402

Vacancies

Iowa · Iowa Code Chapter 501 — Closed Cooperatives · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Iowa Code § 501.402, Vacancies, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2261306
Permanent ID
ys:prov:2261306@1
SHA-256
60a2afb847572638ead6fd2eea32b9e9b3ba3480bd70df9c2bcf6cd0595c1a9f

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

1. A director may resign at any time by delivering written notice to the board chairperson or the board secretary. A resignation is effective when the notice is delivered unless the notice specifies a later effective date. 2. The members may remove one or more directors with or without cause unless the articles provide that directors may be removed only for cause. 3. The articles may authorize the board to remove a director for a cause specified in the articles. 4. Unless the articles or bylaws provide otherwise, the board shall fill each vacancy until the members elect a director to fill the vacancy at the next scheduled meeting of the members. If the directors remaining in office constitute fewer than a quorum of the board, they may fill the vacancy by the affirmative vote of a majority of all the directors remaining in office.