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300.23 Voting, how regulated.

Unless otherwise provided in the certificate or bylaws, at every meeting each stockholder or member is entitled to one vote in person, or by proxy made within one year or other time specially limited by law, for each share or other lawful unit of representation held in an individual, corporate, or representative capacity. No stock may be voted on at an election within 20 days after its transfer on the books of the corporation. In the case of a banking corporation, the commissioner of commerce may waive the 20-day limitation.

HIST: (7461) RL s 2861; 1984 c 628 art 5 s 1; 1986 c 444; 1992 c 587 art 1 s 26

Official Publication of the State of Minnesota
Revisor of Statutes