1999 Minnesota Statutes

     302A.207 Terms. 

    Unless fixed terms are provided for in the articles or 
 bylaws, a director serves for an indefinite term that expires at 
 the next regular meeting of the shareholders.  A fixed term of a 
 director shall not exceed five years.  A director holds office 
 for the term for which the director was elected and until a 
 successor is elected and has qualified, or until the earlier 
 death, resignation, removal, or disqualification of the director.

    HIST: 1981 c 270 s 29; 1982 c 497 s 24