Iowa Code 291.6 – Duties of secretary
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The secretary shall:
1.
Preservation of records.
File and preserve copies of all reports made and all papers transmitted pertaining to the business of the corporation.
Terms Used In Iowa Code 291.6
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
2.
Minutes.
Keep a complete record of all the proceedings of the meetings of the board and of all regular or special elections in the corporation in separate books.
3.
Accounting records.
Keep an accurate accounting record of each payment or electronic funds transfer from each fund which shall be provided monthly to the board of directors. The secretary of the creditor district shall prepare and deliver to debtor districts an itemized statement of tuition fees charged in accordance with sections 275.55A, 282.11, and 282.24.
4.
Claims.
Keep an accurate accounting of all expenses incurred by the corporation, and present the same to the board for audit and payment.