Patron member

A patron member is a member holding a patron membership interest.

Statutory definition#

This is a term defined by statute. Section 308B.005, subdivision 22, defines it for purposes of chapter 308B ^{P1, subd. 22}. Our paraphrase is above; the statute's own words control and are in § 308B.005.

Patron members ordinarily have one vote on patron-interest issues; articles or bylaws may authorize additional votes under the criteria in § 308B.551. Their collective voting power defaults to a majority of votes cast, but bylaws may reduce it to no less than 15 percent of the total vote § 308B.545, subd. 1 ^P1. These member-voting rules are distinct from director-election and board-voting rules. See Member voting rules in Chapter 308B.