Iowa Code § 524.534
Action without meeting
Iowa · Iowa Code Chapter 524 — Banks · Status: effective
Cite this
- Citation
- Iowa Code § 524.534, Action without meeting, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2269023
- Permanent ID
ys:prov:2269023@1- SHA-256
953c6f59b98b2299ee8a4403dd6e78afe3572ca8cad5d755f62b47363fd3d22a
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. Unless the articles of incorporation or bylaws provide otherwise, action required or permitted to be taken under this chapter at a special shareholders’ meeting may be taken without a meeting if the action is consented to by all shareholders. The action must be evidenced by one or more written consents describing the action taken, signed by each shareholder, and included in the minutes or filed with the corporate records reflecting the action taken.
2. Action taken under this section is effective when the last shareholder signs the consent, unless the consent specifies a different effective date.
3. A written consent signed under this section has the effect of a meeting vote and may be described as such in any document.