Iowa Code § 504.825

Quorum and voting
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1. Except as otherwise provided in thischapter, or the articles or bylaws of a corporation, a quorum of a board of directors consists of a majority of the directors in office immediately before a meeting begins. 2. The articles or bylaws shall not authorize a quorum of fewer than one-third of the number of directors in office. 3. Ifa quorum is presentwhen avoteis taken, the affirmative voteof amajority ofdirectors present is the act of the board unless a greater vote isrequired by this chapter, the articles of incorporation, or bylaws. 4. A director who ispresent at a meeting of the board of directors when corporate action istaken is considered to have assented to the action taken unless any of the following applies: a. The director objects at the beginning of the meeting, or promptly upon arrival, to holding the meeting or transacting business at the meeting. b. The director dissents or abstains from the action and any of the following applies: (1) The dissent or abstention is entered in the minutes of the meeting. (2) The director delivers notice in the form of a record of the director’s dissent or abstention tothe presiding officer of the meeting before the meeting’s adjournment or to the corporation promptly after adjournment of the meeting. 5. The right of dissent or abstention is not available to a director who votes in favor of the action taken.

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