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_,t �.l ,� <br /> he may hold. The Board of Govemors shall take action by the affirmative vote of a <br /> majority of Govemors present at a duly held meeting or voting when absent as <br /> permittsd pursuant to the Bylaws, except where the affirmative vote of a larger <br /> proportion or number is required by law, the Artictes of Organization, or a mernber <br /> cc�ntrol agreement. <br /> Section 11. Compensation. The compensation of Governors shalt be as fixed <br /> from time to time by the Board of Governors. <br /> Sectian 12. Vacancies. Va�ancies on the Board of Govemors resulting from the <br /> death, r�signation, removal, or disqualification of a Governor may be filled by the <br /> affirmative vote of � majority of the remaining Governors, even thougF� less than a � <br /> quorurn. Vacancies on the Board of Govemors resulting from newly created <br /> goverr�orships may be filled by the affirmative vote of a majority of the Govemors <br /> serving at the time of the increase. <br /> Section 13. Removal of Governors. Governors may be removed as provided in <br /> Minnesota Statutes, Section 322B.636. � <br /> Section 14. ResiQnation. A Governor may resign at any time by giving written <br /> notice to the company. The resignation is effective without acceptance when the notice <br /> is given to the company, unless a later effective time is specified in the notice. <br /> Section 15. Eiectronic Gommunications. A canfierence among Govemors by any <br /> means of commun'rcation through which the Governors may simultaneously hear each <br /> other during the conference constitutes a Board meeting, if the same notice is given of <br /> the conference as wouJd be required under these Bylaws for a Board meeting, and if the <br /> number of Governors participating in the confer�nce would be sufficient to constitute a <br /> ��:, � <br /> i`�5 <br /> RID$A BBNN�BTT <br /> EGwNtA9UND8t� <br />