|S.F. No. 3715 - Steele County|
|Author:||Senator Dick Day|
|Prepared by:||Daniel P. McGowan, Senate Counsel (651/296-4397)|
|Date:||March 13, 2008|
Subdivision 2 provides that the articles of incorporation and bylaws of the transferee corporation may provide that the county board has the right to appoint and remove one or more of the board members of the corporation board and that specified actions be subject to the approval of the members. The corporation is a nonprofit under Minnesota Statutes, Chapter 317A, and entitled to exercise all of the powers of a nonprofit. If the county board does not have the right to appoint a majority of the governing board of the nonprofit, the provisions of Minnesota Statutes, Chapter 465, relating to the creation of corporations by political subdivisions nor other laws relating to public corporations would apply to the nonprofit corporation. The bill contains a local approval clause by the Steele County Board.
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