A cooperative that holds stock of another corporation may by direction of the cooperative's board or members elect or appoint a person to represent the cooperative at a meeting of the corporation. The representative has authority to represent the cooperative and may cast the cooperative's vote at the corporation's meeting.
Minn. Stat. § 308A.645
VOTE OF CORPORATE STOCK HELD BY COOPERATIVE.
Known as the Minnesota Cooperative Law
The act spans §§ 308A.001 to 308A.985 (66 sections).
1989 c 144 art 1 s 36
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.