2011 Minnesota Statutes
Chapters 300 - 319B — Corporations
Chapter 308B — Cooperative Associations
Section 308B.435 — Act of Board of Directors
The board shall take action by the affirmative vote of the greater of (1) a majority of directors present at a duly held meeting at the time the action is taken, or (2) a majority of the minimum proportion or number of directors that would constitute a quorum for the transaction of business at the meeting, except where this chapter, the articles, or bylaws require the affirmative vote of a larger proportion or number. If the articles or bylaws require a larger proportion or number than is required by this chapter for a particular action, the articles or bylaws control.
History:
2003 c 105 art 1 s 29
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