Every such association shall be managed by a board of not less than five directors, who shall be elected by and from the stockholders at such time and for such term of office as the bylaws may prescribe, and shall hold office for the time for which elected and until their successors are elected and qualify.
[SS15, § 1641-r5; C24, 27, 31, 35, 39, § 8463; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 497.5]
Previous Section 497.4
Next Section 497.6
© 2001 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Mon Jan 22 17:13:42 CST 2001
URL: /DOCS/IACODE/2001/497/5.html
jhf