501.204 - BYLAWS. - Iowa Statutes

501.204 BYLAWS. The board may adopt or amend the cooperative's bylaws by a vote of three-fourths of the board. The members may adopt or amend the cooperative's bylaws by a vote of three-fourths of the votes cast on a ballot in which a majority of all votes are cast. A bylaw provision adopted by the members shall not be amended or repealed by the directors.          Section History: Recent Form 96 Acts, ch 1010, §14