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Iowa Code § 490.726

Action by single or multiple voting groups

Known as the Iowa Business Corporation Act

The act spans §§ 490–490 (245 sections).

1. If the articles of incorporation or this chapter provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in section 490.725.

2. If the articles of incorporation or this chapter provide for voting by two or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in section 490.725. Action may be taken by different voting groups on a matter at different times.

89 Acts, ch 288, §66; 2021 Acts, ch 165, §73, 230

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.