2007 Minnesota Statutes

322B.656 ACTION WITHOUT A MEETING.
    Subdivision 1. Method. An action required or permitted to be taken at a board of governors
meeting may be taken by written action signed, or consented to by authenticated electronic
communication, by all of the governors. If the articles or a member control agreement so provide,
any action, other than an action requiring member approval, may be taken by written action
signed, or consented to by authenticated electronic communication, by the number of governors
that would be required to take the same action at a meeting of the board of governors at which
all governors were present.
    Subd. 2. Effective time. The written action is effective when signed, or consented to by
authenticated electronic communication, by the required number of governors, unless a different
effective time is provided in the written action.
    Subd. 3. Notice and liability. When written action is permitted to be taken by less than all
governors, all governors must be notified immediately of its text and effective date. Failure to
provide the notice does not invalidate the written action. A governor who does not sign or consent
to the written action has no liability for the action or actions taken by the written action.
History: 1992 c 517 art 2 s 80; 1999 c 85 art 2 s 74; 2002 c 311 art 2 s 15,16