Organizational meeting
The organizational meeting is the meeting the organizers or named directors hold, or the written action they take, after the articles are filed to complete the cooperative's organization.
After the articles are filed, the organizers or directors named in them hold an organizational meeting or take written action § 308B.205 P1. A meeting is called by a majority of the organizers or named directors, with at least three days' notice stating its date, time and place to each organizer or named director; they may waive notice as directors may waive board-meeting notice § 308B.205, subd. 3 P1.
The statute lists the business: amending the articles, electing directors, adopting bylaws, banking resolutions, space, the fiscal year, contributions and tax elections § 308B.205 P1. See Hold the organizational meeting.
Statute sections referenced
- § 308B.205 ORGANIZERS.
Related
Sources
- P1 Minnesota Statutes, Chapter 308B (Cooperative Associations), Office of the Revisor of Statutes, State of Minnesota. revisor.mn.gov (primary; accessed October 15, 2026)