Section 308B.575 Vote of Ownership Interests Held by Cooperative
308B.575 VOTE OF OWNERSHIP INTERESTS HELD BY COOPERATIVE.
A cooperative that holds ownership interests of another business entity may, by direction of the cooperative's board, elect or appoint a person to represent the cooperative at a meeting of the business entity. The representative has authority to represent the cooperative and may cast the cooperative's vote at the business entity's meeting.
History:
2003 c 105 art 1 s 53