A corporation may agree to submit a matter to a vote of its shareholders even if, after approving the matter, the board of directors determines it no longer recommends the matter.
Iowa Code § 490.826
Submission of matters for shareholder vote
Known as the Iowa Business Corporation Act
The act spans §§ 490–490 (245 sections).
2013 Acts, ch 31, §27, 82
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.