1. A corporation has the offices described in its bylaws or designated by the board of directors in accordance with the bylaws.
2. The board of directors may elect individuals to fill one or more offices of the corporation. An officer may appoint one or more officers if authorized by the bylaws or the board of directors.
3. The bylaws or the board of directors shall assign to one of the officers responsibility for preparing minutes of the directors' and shareholders' meetings and for maintaining and authenticating the records of the corporation required to be kept under section 490.1601, subsections 1 and 5.
4. The same individual may simultaneously hold more than one office in a corporation.
89 Acts, ch 288, §93; 2002 Acts, ch 1154, §41, 125
Previous Section 490.834
Next Section 490.841
© 2004 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: Thu Jan 15 10:49:41 CST 2004
URL: /DOCS/IACODE/2003SUPPLEMENT/490/840.html
jhf