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ARTICLE III <br /> BOARD MEETINGS <br /> Section The Board shall meet no less than four (4) times per calendar year at the <br /> office of the Corporation or at such other location as is provided in the notice of the <br /> registered � <br /> meeting. <br /> Section 3.2. A meeting of the Board may be called by the Chair or by any two <br /> directors upon five days written notice to all directors of the date, time, place and purpose of <br /> � � <br /> the meeting. Notice of an adjourned meeting need not be given other than by announcement at <br /> tin at which adjournment is taken. Notice is also not required if the meeting <br /> the meeting a <br /> information is announced at a previous Board meeting. Notice may be waived in accordance <br /> ion P <br /> with the provisions of Minnesota Statutes, Section 317A.231, subd. 4. <br /> Section 3.3. A majority of the directors currently holding office is a quorum for the <br /> transaction of business. In the absence of a quorum, a majority of the directors present may <br /> adjourn a meeting from time to time until a quorum is present. <br /> Section 3.4. The Board may tape action as follows: <br /> (I) <br /> The Board shall take action by the aff-mative vote of a majority of directors <br /> present at duly held meeting unless Minnesota Statutes, Chapter 317A or these <br /> By require ire the affnative vote a larger proportion or number; and <br /> (2) An action req uired or permitted to be taken at a Board meeting may be taken by <br /> a writing ng si ned b y all of the directors. The written action is effective when <br /> signed by <br /> the directors unless a different effective time is provided in the written <br /> action. <br /> 4 <br />