Iowa Code 490.843 – Resignation and removal of officers
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1. An officer may resign at any time by delivering a written notice to the board of directors, or its chair, or to the appointing officer or the secretary. A resignation is effective as provided in section 490.141, subsection 9, unless the notice provides for a delayed effectiveness, including effectiveness determined upon a future event or events. If effectiveness of a resignation is stated to be delayed and the board of directors or the appointing officer accepts the delay, the board of directors or the appointing officer may fill the pending vacancy before the delayed effectiveness but the new officer shall not take office until the vacancy occurs.
Terms Used In Iowa Code 490.843
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- Secretary: means the corporate officer to whom the board of directors has delegated responsibility under section 490. See Iowa Code 490.140
- written: means any information in the form of a document. See Iowa Code 490.140
2. An officer may be removed at any time with or without cause by any of the following:
a. The board of directors.
b. The appointing officer, unless the bylaws or the board of directors provide otherwise.
c. Any other officer if authorized by the bylaws or the board of directors.
3. As used in this section, “appointing officer” means the officer, including any successor to that officer, who appointed the officer resigning or being removed.