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Current as of January 01, 2025 | Updated by Findlaw Staff
Subdivision 1. Occupant directors. If an occupant member director's position becomes vacant or a new director position is created for a director that was or is to be elected by occupant members, the board, in consultation with the directors elected by occupant members, shall appoint an occupant member of the cooperative to fill the director's position until the next regular or special members' meeting. If there are no directors elected by occupant members on the board at the time of the vacancy, a special members' meeting shall be called to fill the occupant member director vacancy.
Subd. 2. Nonoccupant directors. If the vacating director was not elected by the occupant members or a new director position is created, unless otherwise provided in the articles or bylaws, the board shall appoint a director to fill the vacant position by majority vote of the remaining or then serving directors even though less than a quorum. At the next regular or special members' meeting, the members shall elect a director to fill the unexpired term of the vacant director's position.
Cite this article: FindLaw.com - Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 308C.415. Filling vacancies - last updated January 01, 2025 | https://codes.findlaw.com/mn/business-social-and-charitable-organizations-ch-300-323a/mn-st-sect-308c-415/
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