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.225 VACANCIES.
Unless different rules for filling vacancies are provided for in the articles or bylaws:
(a)(1) Vacancies on the board resulting from the death, resignation, removal, or
disqualification of a director may be filled by the affirmative vote of a majority of the remaining
directors, even though less than a quorum; and
(2) Vacancies on the board resulting from newly created directorships may be filled by the
affirmative vote of a majority of the directors serving at the time of the increase; and
(b) Each director elected under this section to fill a vacancy holds office until a qualified
successor is elected by the shareholders at the next regular or special meeting of the shareholders.
History: 1981 c 270 s 36
Unless different rules for filling vacancies are provided for in the articles or bylaws:
(a)(1) Vacancies on the board resulting from the death, resignation, removal, or
disqualification of a director may be filled by the affirmative vote of a majority of the remaining
directors, even though less than a quorum; and
(2) Vacancies on the board resulting from newly created directorships may be filled by the
affirmative vote of a majority of the directors serving at the time of the increase; and
(b) Each director elected under this section to fill a vacancy holds office until a qualified
successor is elected by the shareholders at the next regular or special meeting of the shareholders.
History: 1981 c 270 s 36
Official Publication of the State of Minnesota
Revisor of Statutes