499A.2A Bylaws.
1. The initial bylaws of the cooperative shall be adopted by the cooperative’s board of directors. Prior to the admission of members to the cooperative, the power to alter, amend, or repeal the bylaws or adopt new bylaws is vested in the board of directors. Following the admission of members to the cooperative, the power to alter, amend, or repeal the bylaws or adopt new bylaws is vested in the members in accordance with the method set forth in the bylaws.
2. The bylaws may contain any provisions for the regulation and management of the affairs of the cooperative not inconsistent with law or the articles of incorporation. However, the bylaws must provide for:
a. The number of members of the board of directors and the term of the members.
b. The election of a president, vice president, treasurer, and secretary by the board of directors.
c. The qualifications, powers and duties, terms of office, and manner of electing and removing board members and officers and filling vacancies of such members.
d. The method of amending the bylaws.
91 Acts, ch 30, §7; 2012 Acts, ch 1023, §157
Structure Iowa Code
Chapter 499A - MULTIPLE HOUSING
Section 499A.2 - Powers — duration.
Section 499A.3A - Meetings of members.
Section 499A.3B - Notice of members meetings.
Section 499A.7 - Reorganizing prior to expiration of term.
Section 499A.8 - Reorganizing after expiration of term.
Section 499A.9 - Amendments of articles.
Section 499A.10 - Record — effect.
Section 499A.11 - Ownership — certificate of membership.
Section 499A.18A - Upkeep of the cooperative.
Section 499A.19 - Election of directors.
Section 499A.22 - Lien for assessments.
Section 499A.23 - Effect of documents and instruments.
Section 499A.25 - Title of Act.
Section 499A.101 - Definitions.
Section 499A.102 - Local housing authority.
Section 499A.103 - Low-income participants.
Section 499A.104 - Sweat equity housing cooperative association.
Section 499A.105 - Association financing.
Section 499A.106 - Reimbursement of sweat equity contribution.