2006 Minnesota Statutes

308B.551 PATRON MEMBER VOTING BASED ON PATRONAGE.
    Subdivision 1. Patron members to have an additional vote. A cooperative may authorize
by the articles or the bylaws for patron members to have an additional vote for:
(1) a stipulated amount of business transacted between the patron member and cooperative;
(2) a stipulated number of patron members in a member cooperative;
(3) a certain stipulated amount of equity allocated to or held by a patron member cooperative
in the cooperative's central organization; or
(4) a combination of methods in clauses (1) to (3).
    Subd. 2. Delegates elected by patrons to have an additional vote. A cooperative that is
organized into units or districts of patron members may, by the articles or the bylaws, authorize
the delegates elected by its patron members or have an additional vote for:
(1) a stipulated amount of business transacted between the patron members in the units or
districts and the cooperative;
(2) a certain stipulated amount of equity allocated to or held by the patron members of the
units or districts of the cooperative; or
(3) a combination of methods in clauses (1) and (2).
History: 2003 c 105 art 1 s 48