2006 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 306 Public Cemeteries
Section 306.32 TRUSTEES OF FUND.
306.32 TRUSTEES OF FUND.
The trustees shall choose by ballot and appoint by deed of the association a board of at least
three and not more than five trustees of the fund. They shall be resident landowners of this state
during all the time they exercise the powers of the trust. If any of those appointed fails to qualify
within 30 days after appointment, the one or more who have qualified shall appoint by deed
other persons to be trustees in their places. If any of those appointed fails to qualify within 30
days, another shall be appointed in the same manner. Every appointment to fill a vacancy must
be by unanimous vote of those acting. However, instead of appointing a board, the trustees of
the association may designate any trust company of the state to act as the trustee during a time
determined by the board. All instruments of appointment of trustees must be recorded with the
secretary.
History: (7586) RL s 2951; 1988 c 469 art 5 s 1; 2004 c 228 art 2 s 8
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