The board shall not have less than five directors, except that a cooperative with fifty or fewer members may have three or more directors as prescribed in the cooperative’s articles or bylaws.
Iowa Code § 501A.702
Number of directors
Known as the Iowa Cooperative Associations Act
The act spans §§ 501–501 (101 sections).
2005 Acts, ch 135, §36
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.