317A.201 BOARD. The business and affairs of a corporation must be managed by or under the direction of a board of directors. All directors are entitled to vote and have equal rights and preferences except as otherwise provided in the articles or bylaws. The members of the first board may be named in the articles, designated or appointed pursuant to the articles, or elected by the incorporators under section 317A.171. History: 1989 c 304 s 27; 1990 c 488 s 14
Minnesota Legal Code