66A.24 OFFICERS; DUTIES; COMPENSATION; BONDS.
72 words·~1 min read·
/mn/chapter-66/66a-24A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.