reglab/housing_qa huggingface dataset:
IA Code § 490.725 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.725 - Quorum and voting requirements for voting groups.

490.725 Quorum and voting requirements for voting groups.   1. Shares entitled to vote as a separate voting group may take action on a matter at a meeting only if a quorum of those shares exists with respect to that matter. Unless the articles of incorporation or this chapter provides otherwise, a majority of the votes entitled to be cast on the matter by the voting group constitutes a quorum of that voting group for action on that matter.   2. Once a share is represented for any purpose at a meeting, it is deemed present for quorum purposes for the remainder of the meeting and for any adjournment of that meeting unless a new record date is or must be set for that adjourned meeting.   3. If a quorum exists, action on a matter, other than the election of directors, by a voting group is approved if the votes cast within the voting group favoring the action exceed the votes cast opposing the action, unless the articles of incorporation or this chapter require a greater number of affirmative votes.   4. An amendment of articles of incorporation adding, changing, or deleting a quorum or voting requirement for a voting group greater than specified in subsection 2 or 3 is governed by section 490.727.   5. The election of directors is governed by section 490.728.  89 Acts, ch 288, §65  Referred to in §490.726
IA Code § 490.726 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.726 - Action by single or multiple groups.

490.726 Action by single or multiple groups.   1. If the articles of incorporation or this chapter provide for voting by a single voting group on a matter, action on that matter is taken when voted upon by that voting group as provided in section 490.725.   2. If the articles of incorporation or this chapter provide for voting by two or more voting groups on a matter, action on that matter is taken only when voted upon by each of those voting groups counted separately as provided in section 490.725. Action may be taken by one voting group on a matter even though no action is taken by another voting group entitled to vote on the matter.  89 Acts, ch 288, §66
IA Code § 490.727 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.727 - Greater quorum or voting requirements.

490.727 Greater quorum or voting requirements.   1. The articles of incorporation or bylaws may provide for a greater quorum or voting requirement for shareholders or voting groups of shareholders than is provided for by this chapter.   2. An amendment to the articles of incorporation or bylaws that adds, changes, or deletes a greater quorum or voting requirement must meet the same quorum requirement and be adopted by the same vote and voting groups required to take action under the quorum and voting requirements then in effect or proposed to be adopted, whichever is greater.  89 Acts, ch 288, §67; 2002 Acts, ch 1154, §19, 125; 2003 Acts, ch 44, §82  Referred to in §490.725
IA Code § 490.728 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.728 - Voting for directors — cumulative voting.

490.728 Voting for directors — cumulative voting.   1. Unless otherwise provided in the articles of incorporation, directors are elected by a plurality of the votes cast by the shares entitled to be voted in the election at a meeting at which a quorum is present.   2. Shareholders do not have a right to cumulate their votes for directors unless the articles of incorporation so provide.   3. A statement included in the articles of incorporation that “[all] [a designated voting group of] shareholders are entitled to cumulate their votes for directors”, or words of similar import, means that the shareholders designated are entitled to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote and cast the product for a single candidate or distribute the product among two or more candidates.   4. Shares otherwise entitled to be voted cumulatively shall not be voted cumulatively at a particular meeting unless any of the following applies:   a. The meeting notice or proxy statement accompanying the notice states conspicuously that cumulative voting is authorized.   b. A shareholder who has the right to cumulate the shareholder’s votes gives notice to the corporation not less than forty-eight hours before the time set for the meeting of the shareholder’s intent to cumulate votes during the meeting, and if one shareholder gives this notice all other shareholders in the same voting group participating in the election are entitled to cumulate their votes without giving further notice.  89 Acts, ch 288, §68; 90 Acts, ch 1205, §25; 2002 Acts, ch 1154, §20, 125; 2013 Acts, ch 31, §18, 82; 2014 Acts, ch 1092, §104, 105  Referred to in §490.701, 490.725
IA Code § 490.729 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.729 - Inspectors of election.

490.729 Inspectors of election.   1. A corporation having any shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association shall, and any other corporation may, appoint one or more inspectors to act at a meeting of shareholders and make a written report of the inspectors’ determinations. Each inspector shall take and sign an oath faithfully to execute the duties of inspector with strict impartiality and according to the best of the inspector’s ability.   2. The inspectors shall do all of the following:   a. Ascertain the number of shares outstanding and the voting power of each.   b. Determine the shares represented at a meeting.   c. Determine the validity of proxies and ballots.   d. Count all votes.   e. Determine the result.   3. An inspector may be an officer or employee of the corporation.  2002 Acts, ch 1154, §21, 125
IA Code § 490.730 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.730 - Voting trusts.

490.730 Voting trusts.   1. One or more shareholders may create a voting trust, conferring on a trustee the right to vote or otherwise act for them, by signing an agreement setting out the provisions of the trust, which may include anything consistent with its purpose, and transferring their shares to the trustee. When a voting trust agreement is signed, the trustee must prepare a list of the names and addresses of all voting trust beneficial owners, together with the number and class of shares each transferred to the trust, and deliver copies of the list and agreement to the corporation’s principal office.   2. A voting trust becomes effective on the date the first shares subject to the trust are registered in the trustee’s name.   3. Limits, if any, on the duration of a voting trust shall be as set forth in the voting trust. A voting trust that became effective between December 31, 1989, and June 30, 2014, both dates inclusive, remains governed by the provisions of this section then in effect, unless the voting trust is amended to provide otherwise by unanimous agreement of the parties to the voting trust.  89 Acts, ch 288, §69; 2014 Acts, ch 1024, §1  Referred to in §490.731
IA Code § 490.731 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.731 - Voting agreements.

490.731 Voting agreements.   1. Two or more shareholders may provide for the manner in which they will vote their shares by signing an agreement for that purpose. A voting agreement created under this section is not subject to section 490.730.   2. A voting agreement created under this section is specifically enforceable.  89 Acts, ch 288, §70  Referred to in §490.722
IA Code § 490.740 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.740 - Definitions.

490.740 Definitions.   In this part, unless the context otherwise requires:   1. “Derivative proceeding” means a civil suit in the right of a domestic corporation or, to the extent provided in section 490.747, in the right of a foreign corporation.   2. “Shareholder” includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner’s behalf.  89 Acts, ch 288, §71; 2002 Acts, ch 1154, §23, 125
IA Code § 490.741 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.741 - Standing.

490.741 Standing.   A shareholder shall not commence or maintain a derivative proceeding unless the shareholder satisfies both of the following:   1. Was a shareholder of the corporation at the time of the act or omission complained of or became a shareholder through transfer by operation of law from one who was a shareholder at that time.   2. Fairly and adequately represents the interests of the corporation in enforcing the right of the corporation.  2002 Acts, ch 1154, §24, 125  Referred to in §490.809
IA Code § 490.742 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.742 - Demand.

490.742 Demand.   A shareholder shall not commence a derivative proceeding until both of the following have occurred:   1. A written demand has been made upon the corporation to take suitable action.   2. Ninety days have expired from the date delivery of the demand was made, unless the shareholder has earlier been notified that the demand has been rejected by the corporation or unless irreparable injury to the corporation would result by waiting for the expiration of the ninety-day period.  2002 Acts, ch 1154, §25, 125; 2013 Acts, ch 31, §20, 82
IA Code § 490.743 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.743 - Stay of proceedings.

490.743 Stay of proceedings.   If the corporation commences an inquiry into the allegations made in the demand or complaint, the court may stay any derivative proceeding for a period of time as the court deems appropriate.  2002 Acts, ch 1154, §26, 125  Referred to in §490.747
IA Code § 490.744 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.744 - Dismissal.

490.744 Dismissal.   1. A derivative proceeding shall be dismissed by the court on motion by the corporation if one of the groups specified in subsection 2 or 5 has determined in good faith after conducting a reasonable inquiry upon which its conclusions are based that the maintenance of the derivative proceeding is not in the best interests of the corporation. A corporation moving to dismiss on this basis shall submit in support of the motion a short and concise statement of the reasons for its determination.   2. Unless a panel is appointed pursuant to subsection 5, the determination in subsection 1 shall be made by any of the following:   a. A majority vote of qualified directors present at a meeting of the board of directors if the qualified directors constitute a quorum.   b. A majority vote of a committee consisting of two or more qualified directors appointed by majority vote of qualified directors present at a meeting of the board of directors, whether or not such qualified directors constitute a quorum.   3. a. If a derivative proceeding is commenced after a determination has been made rejecting a demand by a shareholder, the complaint shall allege with particularity facts establishing any of the following:   (1) That a majority of the board of directors did not consist of qualified directors at the time the determination was made.   (2) That the requirements of subsection 1 have not been met.   b. All discovery and other proceedings shall be stayed during the pendency of any motion to dismiss unless the court finds upon the motion of any party that particularized discovery is necessary to preserve evidence or prevent undue prejudice to that party.   4. If a majority of the board of directors consisted of qualified directors at the time the determination was made, the plaintiff shall have the burden of proving that the requirements of subsection 1 have not been met; if not, the corporation shall have the burden of proving that the requirements of subsection 1 have been met.   5. The court may appoint a panel of one or more independent persons upon motion by the corporation to make a determination whether the maintenance of the derivative proceeding is in the best interests of the corporation. In such case, the plaintiff shall have the burden of proving that the requirements of subsection 1 have not been met.  2002 Acts, ch 1154, §27, 125; 2012 Acts, ch 1023, §157; 2013 Acts, ch 31, §21, 82  Referred to in §490.143
IA Code § 490.745 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.745 - Discontinuance or settlement.

490.745 Discontinuance or settlement.   A derivative proceeding shall not be discontinued or settled without the court’s approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interests of the corporation’s shareholders or a class of shareholders, the court shall direct that notice be given to the shareholders affected.  2002 Acts, ch 1154, §28, 125  Referred to in §490.747
IA Code § 490.746 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.746 - Payment of expenses.

490.746 Payment of expenses.   On termination of the derivative proceeding, the court may do any of the following:   1. Order the corporation to pay the plaintiff’s expenses incurred in the proceeding, if it finds that the proceeding has resulted in a substantial benefit to the corporation.   2. Order the plaintiff to pay any defendant’s expenses incurred in defending the proceeding, if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose.  2002 Acts, ch 1154, §29, 125; 2013 Acts, ch 31, §22, 82  Referred to in §490.747
IA Code § 490.747 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.747 - Applicability to foreign corporations.

490.747 Applicability to foreign corporations.   In any derivative proceeding in the right of a foreign corporation, the matters covered by this part shall be governed by the laws of the jurisdiction of incorporation of the foreign corporation except for sections 490.743, 490.745, and 490.746.  2002 Acts, ch 1154, §30, 125  Referred to in §490.740
IA Code § 490.748 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.748 - Shareholder action to appoint custodian or receiver.

490.748 Shareholder action to appoint custodian or receiver.   1. The district court may appoint one or more persons to be custodians, or, if the corporation is insolvent, to be receivers, of and for a corporation in a proceeding by a shareholder where it is established that any of the following applies:   a. The directors are deadlocked in the management of the corporate affairs, the shareholders are unable to break the deadlock, and irreparable injury to the corporation is threatened or being suffered.   b. The directors or those in control of the corporation are acting fraudulently and irreparable injury to the corporation is threatened or being suffered.   2. a. The district court may issue injunctions, appoint a temporary custodian or temporary receiver with all the powers and duties the court directs, take other action to preserve the corporate assets wherever located, and carry on the business of the corporation until a full hearing is held.   b. The district court shall hold a full hearing, after notifying all parties to the proceeding and any interested persons designated by the court, before appointing a custodian or receiver.   c. The district court has jurisdiction over the corporation and all of its property, wherever located.   3. The district court may appoint an individual or domestic or foreign corporation, authorized to transact business in this state, as a custodian or receiver and may require the custodian or receiver to post bond, with or without sureties, in an amount the court directs.   4. The district court shall describe the powers and duties of the custodian or receiver in its appointing order, which may be amended from time to time. Among other powers, all of the following apply:   a. A custodian may exercise all of the powers of the corporation, through or in place of its board of directors, to the extent necessary to manage the business and affairs of the corporation.   b. A receiver may do any of the following:   (1) Dispose of all or any part of the assets of the corporation wherever located, at a public or private sale, if authorized by the district court.   (2) Sue and defend in the receiver’s own name as receiver in all courts of this state.   5. The district court during a custodianship may redesignate the custodian as a receiver, and during a receivership may redesignate the receiver as a custodian, if doing so is in the best interests of the corporation.   6. The district court from time to time during the custodianship or receivership may order compensation paid and expense disbursements or reimbursements made to the custodian or receiver from the assets of the corporation or proceeds from the sale of its assets.  2013 Acts, ch 31, §23, 82
IA Code § 490.749 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.749 - Reserved.

490.749 Reserved. Reserved.
IA Code § 490.750 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.750 - Reserved.

490.750 Reserved. Reserved.
IA Code § 490.751 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.751 - Reserved.

490.751 Reserved. Reserved.
IA Code § 490.752 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.752 - Reserved.

490.752 Reserved. Reserved.
IA Code § 490.753 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.753 - Reserved.

490.753 Reserved. Reserved.
IA Code § 490.754 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.754 - Reserved.

490.754 Reserved. Reserved.
IA Code § 490.755 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.755 - Reserved.

490.755 Reserved. Reserved.
IA Code § 490.756 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.756 - Reserved.

490.756 Reserved. Reserved.
IA Code § 490.757 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.757 - Reserved.

490.757 Reserved. Reserved.
IA Code § 490.758 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.758 - Reserved.

490.758 Reserved. Reserved.
IA Code § 490.759 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.759 - Reserved.

490.759 Reserved. Reserved.
IA Code § 490.760 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.760 - Reserved.

490.760 Reserved. Reserved.
IA Code § 490.761 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.761 - Reserved.

490.761 Reserved. Reserved.
IA Code § 490.762 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.762 - Reserved.

490.762 Reserved. Reserved.
IA Code § 490.763 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.763 - Reserved.

490.763 Reserved. Reserved.
IA Code § 490.764 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.764 - Reserved.

490.764 Reserved. Reserved.
IA Code § 490.765 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.765 - Reserved.

490.765 Reserved. Reserved.
IA Code § 490.766 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.766 - Reserved.

490.766 Reserved. Reserved.
IA Code § 490.767 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.767 - Reserved.

490.767 Reserved. Reserved.
IA Code § 490.768 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.768 - Reserved.

490.768 Reserved. Reserved.
IA Code § 490.769 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.769 - Reserved.

490.769 Reserved. Reserved.
IA Code § 490.770 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.770 - Reserved.

490.770 Reserved. Reserved.
IA Code § 490.771 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.771 - Reserved.

490.771 Reserved. Reserved.
IA Code § 490.772 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.772 - Reserved.

490.772 Reserved. Reserved.
IA Code § 490.773 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.773 - Reserved.

490.773 Reserved. Reserved.
IA Code § 490.774 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.774 - Reserved.

490.774 Reserved. Reserved.
IA Code § 490.775 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.775 - Reserved.

490.775 Reserved. Reserved.
IA Code § 490.776 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.776 - Reserved.

490.776 Reserved. Reserved.
IA Code § 490.777 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.777 - Reserved.

490.777 Reserved. Reserved.
IA Code § 490.778 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.778 - Reserved.

490.778 Reserved. Reserved.
IA Code § 490.779 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.779 - Reserved.

490.779 Reserved. Reserved.
IA Code § 490.780 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.780 - Reserved.

490.780 Reserved. Reserved.
IA Code § 490.781 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.781 - Reserved.

490.781 Reserved. Reserved.
IA Code § 490.782 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.782 - Reserved.

490.782 Reserved. Reserved.
IA Code § 490.783 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.783 - Reserved.

490.783 Reserved. Reserved.
IA Code § 490.784 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.784 - Reserved.

490.784 Reserved. Reserved.
IA Code § 490.785 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.785 - Reserved.

490.785 Reserved. Reserved.
IA Code § 490.786 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.786 - Reserved.

490.786 Reserved. Reserved.
IA Code § 490.787 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.787 - Reserved.

490.787 Reserved. Reserved.
IA Code § 490.788 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.788 - Reserved.

490.788 Reserved. Reserved.
IA Code § 490.789 (2021)
2021 Iowa Code|Title XII - BUSINESS ENTITIES|Chapter 490 - BUSINESS CORPORATIONS|Section 490.789 - Reserved.

490.789 Reserved. Reserved.