Section 322B.616 Terms
322B.616 TERMS.
Unless fixed terms are provided for in the articles, a member control agreement, or bylaws, a governor serves for an indefinite term that expires at the next regular meeting of the members. A fixed term of a governor must not exceed five years. A governor holds office for the term for which the governor was elected and until a successor is elected and has qualified, or until the earlier death, resignation, removal, or disqualification of the governor.
History:
1992 c 517 art 2 s 68; 1999 c 85 art 2 s 61,96