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308A.645 Vote of corporate stock held by cooperative.

A cooperative that holds stock of another corporation may by direction of the cooperative's board or members elect or appoint a person to represent the cooperative at a meeting of the corporation. The representative has authority to represent the cooperative and may cast the cooperative's vote at the corporation's meeting.

HIST: 1989 c 144 art 1 s 36

Official Publication of the State of Minnesota
Revisor of Statutes