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Chapter 322B
Section 322B.653
Recent History
- 2014 322B.653 Repealed 2014 c 157 art 1 s 91
- 1999 322B.653 Amended 1999 c 85 art 2 s 73
- 1996 322B.653 Amended 1996 c 361 s 38
This is an historical version of this statute chapter. Also view the most recent published version.
322B.653 ACT OF THE BOARD OF GOVERNORS.
The board of governors shall take action by the affirmative vote of the greater of (1) a
majority of governors present at a duly held meeting at the time the action is taken, or (2) a
majority of the minimum proportion or number of governors that would constitute a quorum for
the transaction of business at the meeting, except where this chapter, the articles, or a member
control agreement require the affirmative vote of a larger proportion or number. If the articles or a
member control agreement require a larger proportion or number than is required by this chapter
for a particular action, the articles or member control agreement control.
History: 1992 c 517 art 2 s 79; 1996 c 361 s 38; 1999 c 85 art 2 s 73
The board of governors shall take action by the affirmative vote of the greater of (1) a
majority of governors present at a duly held meeting at the time the action is taken, or (2) a
majority of the minimum proportion or number of governors that would constitute a quorum for
the transaction of business at the meeting, except where this chapter, the articles, or a member
control agreement require the affirmative vote of a larger proportion or number. If the articles or a
member control agreement require a larger proportion or number than is required by this chapter
for a particular action, the articles or member control agreement control.
History: 1992 c 517 art 2 s 79; 1996 c 361 s 38; 1999 c 85 art 2 s 73
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