2006 Minnesota Statutes

317A.171 ORGANIZATION.
    Subdivision 1. Role of incorporators. If the first board is not named in the articles, the
incorporators may elect the first board or may act as directors with the powers, rights, duties, and
liabilities of directors, until directors are elected.
    Subd. 2. Meeting. After the issuance of the certificate of incorporation, the incorporators
or the directors named in the articles shall, within a reasonable time, hold an organizational
meeting at the call of a majority of the incorporators or of the directors named in the articles,
or take written action, for the purposes of transacting business and taking actions necessary or
appropriate to complete the organization of the corporation. If a meeting is held, the persons
calling the meeting shall give at least three days' notice of the meeting to each incorporator or
director named, stating the date, time, and place of the meeting.
History: 1989 c 304 s 25