CLASSIFICATION OF DIRECTORS.
Known as the Minnesota Nonprofit Corporation Act
The act spans §§ 317A.001 to 317A.909 (134 sections).
1989 c 304 s 33; 1990 c 488 s 17
(a) Except as provided in paragraph (b), directors may be divided into classes.
(b) Directors of a corporation described in section 317A.811, subdivision 1 , may not vote by class except when the articles or bylaws provide that only one class of directors may vote on a particular matter.
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.