§ 308C.515 — SPECIAL MEMBER MEETINGS

Minnesota § 308C.515

• Jurisdiction: Minnesota
• Part: BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
• Ch. 308C: COOPERATIVE HOUSING ACT

Text

Subdivision 1.Calling meeting.
Special member meetings of the members may be called by:
(1) a majority vote of the board; or
(2) the written petition of at least 20 percent of the occupant members and, if authorized, 20 percent of the nonoccupant members, 20 percent of all members, or members representing 20 percent of the membership interests collectively are submitted to the secretary.

Subd. 2.Notice.
The cooperative shall give notice of a special member meeting by mailing the special member meeting notice to each member personally at the person's post office address as it appears on the membership book of the cooperative or an alternative method approved by the board and the member individually or the members generally. The special member meeting notice shall state the time, place, and purpose of the special member meeting. The special member meeting notice shall be issued within ten days from and after the date of the presentation of a member petition, and the special member meeting shall be held within 30 days after the date of the presentation of the member petition.

Subd. 3.Waiver and objections.
A member may waive notice of a special member meeting. A waiver of notice by a member entitled to notice is effective whether given before, at, or after the meeting, and whether given in writing, orally, or by attendance. Attendance by a member at a meeting is a waiver of notice of that meeting, except where the member objects at the beginning of the meeting to the transaction of business because the meeting is not lawfully called or convened, or objects before a vote on an item of business because the item may not lawfully be considered at the meeting, and does not participate in the consideration of the item at that meeting.

Legislative History

2024 c 96 art 1 s 42