2025 Session
Last amended: 1981 session
§ 302A.321 — Officers Deemed Elected
Plain-Language Summary
Deems certain officers to be properly elected even without formal documentation.
302A.321 OFFICERS DEEMED ELECTED.
In the absence of an election or appointment of officers by the board, the person or persons exercising the principal functions of the chief executive officer or the chief financial officer are deemed to have been elected to those offices, except for the purpose of determining the location of the principal executive office, which in that case is the registered office of the corporation.
History:
History: History:
1981 c 270 s 50
Practical Notes
A person acting as an officer with the board’s knowledge is treated as properly appointed.