501A.804 - SPECIAL MEMBERS' MEETINGS.

        501A.804  SPECIAL MEMBERS' MEETINGS.         1.  Calling meeting.  Special members' meetings of the members      may be called by any of the following:         a.  A majority vote of the board.         b.  The written petition of at least twenty percent of the      patron members and, if authorized by the articles or bylaws, twenty      percent of the nonpatron members, twenty percent of all members, or      members representing twenty percent of the membership interests      collectively submitted to the chairperson.         2.  Notice.  The cooperative shall give notice of a special      members' meeting by mailing the special members' meeting notice to      each member personally at the person's last known post office address      or an alternative method approved by the board and agreed to by the      member individually or the members generally.  For a member that is      an entity, notice mailed or delivered by an alternative method shall      be to an officer of the entity.  The special members' meeting notice      shall state the time, place, and purpose of the special members'      meeting.  The special members' meeting notice shall be issued within      ten days from and after the date of the presentation of a members'      petition, and the special members' meeting shall be held within      thirty days after the date of the presentation of the members'      petition.         3.  Waiver and objections.  A member may waive notice of a      meeting of members.  A waiver of notice by a member entitled to      notice is effective whether given before, at, or after the meeting,      and whether given in writing, orally, or by attendance.  Attendance      by a member at a meeting is a waiver of notice of that meeting,      except where the member objects at the beginning of the meeting to      the transaction of business because the meeting is not lawfully      called or convened, or objects before a vote on an item of business      because the item cannot lawfully be considered at that meeting and      does not participate in the consideration of the item at that      meeting.  
         Section History: Recent Form
         2005 Acts, ch 135, §54