Iowa Code 490.840 – Officers
Current as of: 2023 | Check for updates
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1. A corporation has the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws.
Terms Used In Iowa Code 490.840
- 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.
- Individual: means a natural person. See Iowa Code 490.140
2. The board of directors may elect individuals to fill one or more offices of the corporation. An officer may appoint one or more officers if authorized by the bylaws or the board of directors.
3. The bylaws or the board of directors shall assign to an officer responsibility for maintaining and authenticating the records of the corporation required to be kept under section 490.1601, subsection 1.
4. The same individual may simultaneously hold more than one office in a corporation.