Iowa Code
Chapter 501A - COOPERATIVE ASSOCIATIONS ACT
Section 501A.711 - Committees.

501A.711 Committees.
1. Generally. A resolution approved by the affirmative vote of a majority of the board may establish committees having the authority of the board in the management of the business of the cooperative only to the extent provided in the resolution. Committees may include a special litigation committee consisting of one or more independent directors or other independent persons to consider legal rights or remedies of the cooperative and whether those rights and remedies should be pursued. Committees other than special litigation committees are subject at all times to the direction and control of the board.
2. Membership. Committee members must be natural persons. Unless the articles or bylaws provide for a different membership or manner of appointment, a committee consists of one or more persons, who need not be directors, appointed by affirmative vote of a majority of the directors present.
3. Procedure. The procedures for meetings of the board apply to committees and members of committees to the same extent as those sections apply to the board and individual directors.
4. Minutes. Minutes, if any, of committee meetings must be made available upon request to members of the committee and to any director.
5. Standard of conduct. The establishment of, delegation of authority to, and action by a committee does not alone constitute compliance by a director with the standard of conduct set forth in section 501A.712.
6. Committee members considered directors. Committee members are considered to be directors for purposes of sections 501A.712, 501A.713, and 501A.715.
2005 Acts, ch 135, §45

Structure Iowa Code

Iowa Code

Title XII - BUSINESS ENTITIES

Chapter 501A - COOPERATIVE ASSOCIATIONS ACT

Section 501A.101 - Short title.

Section 501A.102 - Definitions.

Section 501A.103 - Requirements for signatures on documents.

Section 501A.201 - General filing requirements.

Section 501A.201A - Secretary of state — extra services — surcharge.

Section 501A.202 - Filing duty of secretary of state.

Section 501A.203 - Effective time and date of documents.

Section 501A.204 - Correcting filed documents.

Section 501A.205 - Fees.

Section 501A.206 - Forms.

Section 501A.207 - Appeal from secretary of state’s refusal to file document.

Section 501A.208 - Evidentiary effect of copy of filed document.

Section 501A.209 - Certificate of existence.

Section 501A.210 - Penalty for signing false document.

Section 501A.211 - Secretary of state — powers.

Section 501A.221 - Certificate of authority.

Section 501A.222 - Cancellation of certificate of authority.

Section 501A.231 - Biennial report for secretary of state.

Section 501A.301 - Name.

Section 501A.302 - Reserved name.

Section 501A.401 - Registered office and registered agent.

Section 501A.402 - Change of registered office or registered agent.

Section 501A.403 - Resignation of registered agent — discontinuance of registered office — statement.

Section 501A.404 - Service on domestic cooperatives.

Section 501A.405 - Service on foreign cooperative.

Section 501A.501 - Organizational purpose.

Section 501A.502 - Organizers.

Section 501A.503 - Articles of organization.

Section 501A.504 - Amendment of articles.

Section 501A.505 - Existence.

Section 501A.506 - Bylaws.

Section 501A.507 - Cooperative records.

Section 501A.601 - Powers.

Section 501A.602 - Emergency powers.

Section 501A.603 - Agricultural commodities and products — marketing contracts.

Section 501A.701 - Board governs cooperative.

Section 501A.702 - Number of directors.

Section 501A.703 - Election of directors.

Section 501A.704 - Filling vacancies.

Section 501A.705 - Removal of directors.

Section 501A.706 - Board of directors’ meetings.

Section 501A.707 - Quorum.

Section 501A.708 - Action of board of directors.

Section 501A.709 - Action without a meeting.

Section 501A.710 - Audit committee.

Section 501A.711 - Committees.

Section 501A.712 - Standard of conduct.

Section 501A.713 - Director conflicts of interest.

Section 501A.714 - Limitation of liability of directors, officers, employees, members, and volunteers.

Section 501A.715 - Indemnification.

Section 501A.716 - Officers.

Section 501A.801 - Members.

Section 501A.802 - Member liability.

Section 501A.803 - Regular members’ meetings.

Section 501A.804 - Special members’ meetings.

Section 501A.805 - Certification of meeting notice.

Section 501A.806 - Quorum.

Section 501A.807 - Remote communications for members’ meetings.

Section 501A.808 - Action of members.

Section 501A.809 - Action without a meeting.

Section 501A.810 - Member voting rights.

Section 501A.811 - Patron member voting based on patronage.

Section 501A.812 - Voting rights.

Section 501A.813 - Voting by organizations and legal representatives.

Section 501A.814 - Proxies.

Section 501A.815 - Sale of property and assets.

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

Section 501A.901 - Membership interests.

Section 501A.902 - Assignment of financial rights.

Section 501A.903 - Nature of a membership interest and statement of interest owned.

Section 501A.904 - Certificated and uncertificated membership interests.

Section 501A.905 - Lost certificates — replacement.

Section 501A.906 - Restriction on transfer or registration of membership interests.

Section 501A.1001 - Authorization, form, and acceptance of contributions.

Section 501A.1002 - Restatement of value of previous contributions.

Section 501A.1003 - Contribution agreements.

Section 501A.1004 - Contribution rights agreements.

Section 501A.1005 - Allocations and distributions — profits, losses, cash, or other assets.

Section 501A.1006 - Allocations and distributions — net income.

Section 501A.1007 - Member control agreements.

Section 501A.1008 - Reversion of disbursements.

Section 501A.1101 - Merger and consolidation.

Section 501A.1102 - Merger of subsidiary.

Section 501A.1103 - Abandonment.

Section 501A.1104 - Conversion — amendment of organizational documents to be governed by this chapter.

Section 501A.1201 - Methods of dissolution.

Section 501A.1202 - Winding up.

Section 501A.1203 - Revocation of dissolution proceedings.

Section 501A.1204 - Statute of limitations.

Section 501A.1205 - Articles of dissolution.

Section 501A.1206 - Application for court-supervised voluntary dissolution.

Section 501A.1207 - Court-ordered remedies for dissolution.

Section 501A.1208 - Procedure in involuntary or court-supervised voluntary dissolution.

Section 501A.1209 - Receiver qualifications and powers.

Section 501A.1210 - Dissolution action by attorney general — administrative dissolution.

Section 501A.1211 - Filing claims in court-supervised dissolution proceedings.

Section 501A.1212 - Discontinuance of court-supervised dissolution proceedings.

Section 501A.1213 - Court-supervised dissolution order.

Section 501A.1214 - Filing court’s dissolution order.

Section 501A.1215 - Barring of claims.

Section 501A.1216 - Right to sue or defend after dissolution.