State Codes and Statutes
Statutes > Minnesota > 321-323A > 322B > 322B_646322B.646 ABSENT GOVERNORS.
If the articles of organization, a member control agreement, or bylaws so provide, a governor may give advance written consent or opposition to a proposal to be acted on at a board of governors meeting. If the governor is not present at the meeting, consent or opposition to a proposal does not constitute presence for purposes of determining the existence of a quorum, but consent or opposition must be counted as the vote of a governor present at the meeting in favor of or against the proposal and must be entered in the minutes or other record of action at the meeting, if the proposal acted on at the meeting is substantially the same or has substantially the same effect as the proposal to which the governor has consented or objected.
History:
1992 c 517 art 2 s 77; 1996 c 361 s 37; 1999 c 85 art 2 s 71,96
