{"data":{"id":"us-mn/minn.-stat.-317a.683","jurisdiction":"us-mn","citation":"Minn. Stat. § 317A.683","heading":"ACTION ON PLAN OF CONVERSION BY CONVERTING CORPORATION.","body":"Subdivision 1. Approval.\nA plan of conversion must be approved and adopted by a converting corporation as provided in this section.\nSubd. 2. Approval by board and members with voting rights.\nWhen a corporation has members with voting rights, the board of directors of the corporation shall adopt a resolution by the affirmative vote of a majority of all directors approving a proposed plan of conversion and directing that the plan be submitted to a vote at a meeting of the members with voting rights. Notice of the meeting must be given to each member with voting rights, accompanied by a copy or summary of the proposed plan. Unless the articles or bylaws require a greater vote, the plan of conversion is adopted upon receiving the affirmative vote of a majority of the members with voting rights voting on the action.\nSubd. 3. Approval by board.\nWhen a corporation does not have members with voting rights, and unless the articles or bylaws require a greater vote, a plan of conversion is adopted at a meeting of the board of directors of the corporation upon receiving the affirmative votes of a majority of all directors. Notice of the meeting must be given, accompanied by a copy of the proposed plan of conversion.","path":["BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS","CHAPTER 317A. NONPROFIT CORPORATIONS","MERGER; CONSOLIDATION; TRANSFER"],"source_url":"https://www.revisor.mn.gov/statutes/cite/317A.683","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:41Z","sha256":"c0df6a163d6c9baa256e69d1e113431ef2e3c83fd7d55c46631b7ba912ae85e4","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-317a.681","next":"us-mn/minn.-stat.-317a.685"},"notice":"GroundRules: Original legal text. Not legal advice."}