A cooperative that holds ownership interests of another business entity may, by direction of the cooperative's board, elect or appoint a person to represent the cooperative at a meeting of the business entity. The representative has authority to represent the cooperative and may cast the cooperative's vote at the business entity's meeting.
Minn. Stat. § 308B.575
VOTE OF OWNERSHIP INTERESTS HELD BY COOPERATIVE.
Known as the Minnesota Cooperative Associations Act
The act spans §§ 308B.001 to 308B.975 (87 sections).
2003 c 105 art 1 s 53
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.