Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
302A.207 TERMS.
Unless fixed terms are provided for in the articles or bylaws, a director serves for an
indefinite term that expires at the next regular meeting of the shareholders. A fixed term of a
director shall not exceed five years. A director holds office for the term for which the director was
elected and until a successor is elected and has qualified, or until the earlier death, resignation,
removal, or disqualification of the director.
History: 1981 c 270 s 29; 1982 c 497 s 24
Unless fixed terms are provided for in the articles or bylaws, a director serves for an
indefinite term that expires at the next regular meeting of the shareholders. A fixed term of a
director shall not exceed five years. A director holds office for the term for which the director was
elected and until a successor is elected and has qualified, or until the earlier death, resignation,
removal, or disqualification of the director.
History: 1981 c 270 s 29; 1982 c 497 s 24
Official Publication of the State of Minnesota
Revisor of Statutes