Public-domain · open source
OpenJurist

Minn. Stat. § 308B.435

ACT OF BOARD OF DIRECTORS.

Known as the Minnesota Cooperative Associations Act

The act spans §§ 308B.001 to 308B.975 (87 sections).

2003 c 105 art 1 s 29

The board shall take action by the affirmative vote of the greater of (1) a majority of directors present at a duly held meeting at the time the action is taken, or (2) a majority of the minimum proportion or number of directors that would constitute a quorum for the transaction of business at the meeting, except where this chapter, the articles, or bylaws require the affirmative vote of a larger proportion or number. If the articles or bylaws require a larger proportion or number than is required by this chapter for a particular action, the articles or bylaws control.

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.