A cooperative that holds ownership interests of another business entity may, by direction of the cooperative’s board, elect or appoint a person to represent the cooperative at a meeting of the business entity. The representative has authority to represent the cooperative and may cast the cooperative’s vote at the business entity’s meeting.
Iowa Code § 501A.816
Vote of ownership interests held by cooperative
Known as the Iowa Cooperative Associations Act
The act spans §§ 501A.1001 to 501A.906 (101 sections).
2005 Acts, ch 135, §66
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.