1999 Minnesota Statutes

     322B.343 Electronic communications. 

    Subdivision 1.    Electronic conferences.  If and to the 
 extent authorized in a member control agreement, the bylaws, or 
 by the board of governors of a closely held limited liability 
 company, a conference among members by any means of 
 communication through which the members may simultaneously hear 
 each other during the conference constitutes a regular or 
 special meeting of members, if the same notice is given of the 
 conference to every owner of membership interests entitled to 
 vote as would be required by this chapter for a meeting, and if 
 the membership interests held by the members participating in 
 the conference would be sufficient to constitute a quorum at a 
 meeting.  Participation in a conference by that means 
 constitutes presence at the meeting in person or by proxy if all 
 the other requirements of section 322B.363 are met. 

    Subd. 2.    Participation by electronic means.  If and 
 to the extent authorized in a member control agreement, the 
 bylaws, or by the board of governors of a closely held limited 
 liability company, a member may participate in a regular or 
 special meeting of members not described in subdivision 1 by any 
 means of communication through which the member, other members 
 so participating, and all members physically present at the 
 meeting may simultaneously hear each other during the meeting.  
 Participation in a meeting by that means constitutes presence at 
 the meeting in person or by proxy if all the other requirements 
 of section 322B.363 are met.  

    Subd. 3.    Waiver.  Waiver of notice of a meeting by 
 means of communication described in subdivisions 1 and 2 may be 
 given in the manner provided in section 322B.34, subdivision 4.  
 Participation in a meeting by means of communication described 
 in subdivisions 1 and 2 is a waiver of notice of that meeting, 
 except where the member objects at the beginning of the meeting 
 to the transaction of business because the meeting is not 
 lawfully called or convened, or objects before a vote on an item 
 of business because the item may not lawfully be considered at 
 the meeting and does not participate in the consideration of the 
 item at that meeting. 

    HIST: 1992 c 517 art 2 s 38; 1999 c 
 85 art 2 s 27,28,96