Minnesota § 308B.435 ACT OF BOARD OF DIRECTORS

Minnesota Statutes

§ 308B.435 — ACT OF BOARD OF DIRECTORS

Minnesota § 308B.435

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 308BCOOPERATIVE ASSOCIATIONS ACT

This text of Minnesota § 308B.435 (ACT OF BOARD OF DIRECTORS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 308B.435 (2026).

Text

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.

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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.