501.302 - CALLING AND NOTICE OF MEETINGS.
501.302 CALLING AND NOTICE OF MEETINGS. 1. A cooperative shall hold an annual member meeting at a time and place fixed in accordance with the bylaws. 2. The board may call special member meetings, and the board shall call a special member meeting upon the written demand of twenty percent of the members. 3. A cooperative shall give each member at least ten days' advance notice of the time, place, and the issues to be considered at each member meeting. This notice may be given in person or by mail to the last known address of the member, or the notice requirement may be met by the member waiving the notice. 4. The record date for determining the members entitled to notice of and to vote at a member meeting is the close of business on the day before the first notices for the meeting are delivered or mailed.
Section History: Recent Form 96 Acts, ch 1010, §16 Referred to in §501.802