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2007 Minnesota Statutes

This is an historical version of this statute chapter. Also view the most recent published version.

    Subdivision 1. Resignation. An officer may resign by giving written notice to the
corporation. The resignation is effective without acceptance when the notice is given to the
corporation, unless a later effective date is named in the notice.
    Subd. 2. Removal. Except as otherwise provided in the articles or bylaws, an officer may
be removed, with or without cause, by a resolution adopted by the board or by the members,
whichever elected or appointed the officer. The removal is without prejudice to contractual
rights of the officer.
    Subd. 3. Vacancy. A vacancy in an office because of death, resignation, removal,
disqualification, or other cause may, or in the case of a vacancy in the office of president or
treasurer must, be filled for the unexpired part of the term in the manner provided in the articles or
bylaws, or as determined by the board or under section 317A.321.
History: 1989 c 304 s 53; 1990 c 488 s 24; 1992 c 503 s 9

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