Section 501A.816 - Vote of ownership interests held by cooperative.

IA Code § 501A.816 (2019) (N/A)
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501A.816 Vote of ownership interests held by cooperative.

A cooperative that holds ownership interests of another business entity may, by direction of the cooperative’s board, elect or appoint a person to represent the cooperative at a meeting of the business entity. The representative has authority to represent the cooperative and may cast the cooperative’s vote at the business entity’s meeting.

2005 Acts, ch 135, §66