The expiration of a director's term with or without the election of a qualified successor does not make prior or subsequent acts of the officers or the board void or voidable.
Minn. Stat. § 302A.209
ACTS NOT VOID OR VOIDABLE.
Known as the Minnesota Business Corporation Act
The act spans §§ 302A.001 to 302A.92 (139 sections).
1981 c 270 s 30
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.