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BYLAWS OF
<br />
<br />SUCC. RSSPUL CONCEPT DEVELOPMENT, INC.
<br />
<br /> Corporation duly organized under Hinnesoba Statutes, Chapter
<br />302A and laws amer, daCory thereof and supplementary thereto.
<br />
<br />ARTICLE
<br />
<br />SHAREHOLDERS' MEETIHGS
<br />
<br />Section l. Time and Place. Regular or special meetinms, if any, shall
<br />be held on tile day or date and at the time and place ¢ixed by the Chief
<br />Executive Of{leer or the Board, except that a mee,~inm called by or at
<br />the demand of a shareholder pursuant to Hinnesota Statutes, Section
<br />302A.~'31, Subd, 2 shall be h~id in the county where the princif)al e×ective
<br />office of the corporation is located. Regular or special meetings may
<br />De demanded by a shareholder in accordance with Section 302A.431, Subd,
<br />2 and 302A.a33, Subd. 2 respectively.
<br />
<br />Sectqon 2, Notice of Meet~n_os. Notice of all meetin_os of shareholders
<br />shall be ~iven to every' holder of shares entitled to vote, except where
<br />~he meetSno ~s an adjourned meet~nc and the date, time: and ~iace of the
<br />m~etin~ wa~ announced at the t~me oF adjournm~n~ ~ne n~ic shal~ be
<br />~iV~F, at t=~ ~=
<br />..... 10 days before the date of the m~_C,ng~ and not more
<br />~,,~n sixty d~ys~. Oefor=. _ the mare of tn~_ meetinm. Th~_ noz~ce saall contain
<br />th=~ sa:=' _, time and ,~lace of the meotirlm~ and any. o~'~n~=-, informstion ~euired,_,
<br />by rh:ne:~. _> ~_, ~uLA- .... of Minnesota Statutes . .... .,n zne case of 6 special, meetin~
<br />the no~ice Shall con~c~n a sta~emen~ of the pUrPOSeS Of ins meeting.
<br />The notice m~y also concain any otSe~ informatSon necesssry or desirable
<br />by ~'~ ~ -~ othe person oF p~r;on~ caiiino the
<br />
<br />Section $. Wa, i,.,er of Notice', Objections. A shareholder may waive
<br />no:ic~ of a mest';,ne of sharehoi '~' _ ....
<br /> ~ o., ~, A waiver of notic= by a she~: 'r',er
<br />ensitl=4 ~o notice is eFFectiv¢ ,' ~+' ~- oiven before
<br /> .... wn.~.~ ~ ~ e~, Or a,ter the
<br /> :'~n9 orally, or by attendance, A~ndanse
<br />meeting, and whether given in wr,~ ,
<br />by a ~har~hoider ac ~ mee[in9 is a waiver of notice of that meet~n9,
<br />Excem~ where the shareholder object~ at the beeinn~nm of the meetinm to
<br /> ' , .... ~' ¢:t~nm i~ net lawfully cal~
<br />the transaction of bus~n:*: becaus¢ ~ne m~ _
<br />or convened, or objects before a vote On an item Of business because the
<br />item may. no~ lawfully, be considered at th:~-' m~..¢~tinm_ and does not participate
<br />in ~'~
<br /> ~n~ ~ons~derat~on of ~he ~tem a~ th~
<br />
<br />Section 4. Quorum. Th~. holders of a majority of the voting power of
<br />the shares entitled Co vote at a meetinc, are a quorum for the transaction
<br />of business, if a quorum ~s present.when a duly called or held meet~n2
<br />is convened, ~Se shareholders present may continue to transact business
<br />until adjournment ex, em though the w~thdrawl of a number of shareholders
<br />orioin~,l~v~ .. nr~sent~ .... i~v~s ie~s ~'u,~¢n the .proportion or number othe~m'is~
<br />required for a quorum.
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