66A.24 OFFICERS; DUTIES; COMPENSATION; BONDS. The officers shall perform such duties, receive such compensation, and give such bonds as shall be provided in the bylaws or fixed by the directors; but no salary, past or future, shall be increased except by majority vote of all members present and represented at an annual meeting and no officer or director shall receive any commission, except upon business personally solicited and written by the officer. History: 1967 c 395 art 7 s 24
Minnesota Legal Code