Prior to the appointment of the initial board of the corporation, the county board shall approve the bylaws of the corporation. Thereafter, the board of the corporation may adopt, amend, or repeal bylaws relating to the management of the business or regulation of the affairs of the corporation, except that the county board shall approve any bylaws change relating to:

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Terms Used In Minnesota Statutes 383B.906

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(1) board composition, board and officer selection, terms, removal, or qualifications;

(2) the county board’s reserved powers as specified in the bylaws;

(3) the ability of the corporation to engage in joint ventures;

(4) the ability of the corporation to incur debt through the county;

(5) the ability of the corporation to create subsidiaries;

(6) the ability of the corporation to merge or dissolve;

(7) the ability of the corporation to use subsidiaries to undertake functions or activities performed by employees of the corporation; or

(8) the mission of the corporation.