Iowa Code 499.37 – Officers
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1. The board of directors of the association shall select the association’s officers as provided in its articles of incorporation or bylaws, and shall fill vacancies in such offices. The articles of incorporation or bylaws shall delegate to an officer the responsibility for all of the following:
a. Preparing minutes of meetings of the directors and the shareholders.
b. Authenticating the association’s records.
Terms Used In Iowa Code 499.37
- Association: means a corporation formed under this chapter. See Iowa Code 499.2
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- year: means twelve consecutive months. See Iowa Code 4.1
2. Unless the association’s articles of incorporation or bylaws otherwise provide, the association’s officers shall serve for annual terms beginning at the close of the first regular meeting of members in each year.