504.825 - QUORUM AND VOTING. - Iowa Statutes

504.825 QUORUM AND VOTING. 1. Except as otherwise provided in this chapter, or the articles or bylaws of a corporation, a quorum of a board of directors consists of a majority of the directors in office immediately before a meeting begins. The articles or bylaws shall not authorize a quorum of fewer than one-third of the number of directors in office. 2. If a quorum is present when a vote is taken, the affirmative vote of a majority of directors present is the act of the board unless this chapter, the articles, or bylaws require the vote of a greater number of directors.          Section History: Recent Form 2004 Acts, ch 1049, §88, 192; 2005 Acts, ch 19, §93 Referred to in § 504.826, 504.854