Iowa Code § 504.712
Voting entitlement generally
Redline — January 1, 2016 → current.View current text →
Current — January 1, 2017
As of January 1, 2016
1. Except as provided in the articles of incorporation or bylaws, each member shall be entitled to one vote on each matter submitted to a vote of members.
1. Except as provided in the articles of incorporation or bylaws, each member shall be entitled to one vote on each matter submitted to a vote of members.
2. Unless the articles or bylaws provide otherwise, if a membership stands of record in the names of two or more persons, the persons’ acts with respect to voting shall have the following effect:
2. Unless the articles or bylaws provide otherwise, if a membership stands of record in the names of two or more persons, the persons’ acts with respect to voting shall have the following effect:
a. If only one votes, such act binds all.
a. If only one votes, such act binds all.
b. If more than one votes, the vote shall be divided on a pro rata basis.
b. If more than one votes, the vote shall be divided on a pro rata basis.
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Subsection 1 amended
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.