Topic: elections

• § 308B.411 Election Of Directors statute

  Organizers elect the first board; later elections follow member-meeting rules. Two separate defaults require a member majority and a patron-elected majority of directors, while patron-elected directors retain protected general voting power.

• § 308B.511 Regular Members' Meetings statute

  A cooperative must hold a regular members' meeting every year, at which officers report on the prior fiscal year and directors are elected; notice must be published at least two weeks ahead or mailed at least 15 days ahead and must summarize any board-adopted bylaw amendments.