Current through Register Vol. 49, No. 8, August 19, 2024
Section 317A.434 - COURT-ORDERED MEETING OF MEMBERS WITH VOTING RIGHTSSubdivision 1.When authorized.The district court of the county where a corporation's registered office is located may order a meeting to be held:
(1) on application of at least 50 members with voting rights or ten percent of the members with voting rights, whichever is less, or of another person entitled to participate in the annual meeting, if a meeting was not held within the earlier of six months after the end of the corporation's fiscal year or 15 months after its last meeting; or(2) on application of a member with voting rights who signed a demand for a special meeting valid under section 317A.433 or a person entitled to call a special meeting if: (i) notice of the special meeting was not given within 30 days after the date the demand was delivered to a corporate officer; or(ii) the special meeting was not held in accordance with the notice.Subd. 2.Scope of order.The court may fix the time and place of the meeting, specify a record date for determining members entitled to notice of and to vote at the meeting, prescribe the form and content of the meeting notice, fix the quorum required for specific matters to be considered at the meeting, or direct that the votes represented at the meeting constitute a quorum for action on those matters, and enter other orders necessary to accomplish the purposes of the meeting.
Subd. 3.Costs and attorneys fees.If the court orders a meeting, it may also order the corporation to pay the member's costs, including reasonable attorneys fees, incurred to obtain the order.
Amended by 2017 Minn. Laws, ch. 17,s 19, eff. 8/1/2017.