Unless the articles or bylaws of a corporation provide otherwise, a board of directors may fix the compensation of directors.
Iowa Code § 504.812
Compensation of directors
Known as the Revised Iowa Nonprofit Corporation Act
The act spans §§ 504–504 (189 sections).
2004 Acts, ch 1049, §83, 192
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.