2006 Minnesota Statutes

322B.64 VACANCIES.
Unless different rules for filling vacancies are provided for in the articles, a member control
agreement, or bylaws:
(1)(i) vacancies on the board of governors resulting from the death, resignation, removal, or
disqualification of a governor may be filled by the affirmative vote of a majority of the remaining
governors, even though less than a quorum; and
(ii) vacancies on the board of governors resulting from newly created governorships may be
filled by the affirmative vote of a majority of the governors serving at the time of the increase; and
(2) each governor elected under this section to fill a vacancy holds office until a qualified
successor is elected by the members at the next regular or special meeting of the members.
History: 1992 c 517 art 2 s 75; 1999 c 85 art 2 s 67,96