2004 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 300 General Provisions
Section 300.46 Nonprofit corporations; trustees.
300.46 Nonprofit corporations; trustees.
Except for a corporation that is formed under or accepts or is deemed to accept the Minnesota Nonprofit Corporation Act, a corporation other than those for pecuniary profit incorporated by virtue of a law of this state may increase or decrease the number of its trustees, provide for their election, and provide for the number of trustees of the corporation which constitutes a quorum. These actions must be taken by resolution of the corporation's board of trustees adopted by a majority vote of the board at any regular or called meeting. A copy of the resolution, subscribed and sworn to by the president and secretary of the corporation, must be recorded in the office of the county recorder of the county where the corporation is located and in the Office of the Secretary of State.
HIST: (7473) 1917 c 155 s 1; 1951 c 550 s 74; 1976 c 181 s 2; 1984 c 628 art 5 s 1
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