Minnesota § 67A.09 OFFICERS

Minnesota Statutes

§ 67A.09 — OFFICERS

Minnesota § 67A.09

PartINSURANCE

Ch. 67ATOWNSHIP MUTUAL COMPANIES

This text of Minnesota § 67A.09 (OFFICERS) 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. § 67A.09 (2026).

Text

Subdivision 1.How elected or chosen.
The directors shall choose one of their number as president, one as vice-president, and one as secretary; they shall also choose a treasurer, who need not be a member of the board, but must be a member of the company. They may also choose a manager, who need not be a member of the board, and need not be a member of the company. The offices of secretary and treasurer may be held by the same person.
The board of directors may appoint other officers as it deems necessary for the conduct of business.

Subd. 2.Officers, bond.
The officers and employees of the company shall give such bond to the company in such sum as the directors shall determine.

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Subdivision 1.How elected or chosen.
The directors shall choose one of their number as president, one as vice-president, and one as secretary; they shall also choose a treasurer, who need not be a member of the board, but must be a member of the company. They may also choose a manager, who need not be a member of the board, and need not be a member of the company. The offices of secretary and treasurer may be held by the same person.
The board of directors may appoint other officers as it deems necessary for the conduct of business.

Subd. 2.Officers, bond.
The officers and employees of the company shall give such bond to the company in such sum as the directors shall determine.