499.37 - OFFICERS.
499.37 OFFICERS. 1. The board of directors of the association shall select the association's officers as provided in its articles of incorporation or bylaws, and shall fill vacancies in such offices. The articles of incorporation or bylaws shall delegate to an officer the responsibility for all of the following: a. Preparing minutes of meetings of the directors and the shareholders. b. Authenticating the association's records. 2. Unless the association's articles of incorporation or bylaws otherwise provide, the association's officers shall serve for annual terms beginning at the close of the first regular meeting of members in each year.
Section History: Early Form [C35, § 8512-g37; C39, § 8512.37; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 499.37]
Section History: Recent Form 2003 Acts, ch 66, §13