2005 Minnesota Statutes - 317A.341 — Resignation; removal; vacancies.

     317A.341 Resignation; removal; vacancies. 


    Subdivision 1.    Resignation.  An officer may resign by 
 giving written notice to the corporation.  The resignation is 
 effective without acceptance when the notice is given to the 
 corporation, unless a later effective date is named in the 
 notice.  


    Subd. 2.    Removal.  Except as otherwise provided in 
 the articles or bylaws, an officer may be removed, with or 
 without cause, by a resolution adopted by the board or by the 
 members, whichever elected or appointed the officer.  The 
 removal is without prejudice to contractual rights of the 
 officer.  


    Subd. 3.    Vacancy.  A vacancy in an office because of 
 death, resignation, removal, disqualification, or other cause 
 may, or in the case of a vacancy in the office of president or 
 treasurer must, be filled for the unexpired part of the term in 
 the manner provided in the articles or bylaws, or as determined 
 by the board or under section 317A.321.  


    HIST: 1989 c 304 s 53; 1990 c 488 s 24; 1992 c 503 s 9