HACK FACTORY OF MINNESOTA, INC.
TWIN CITIES MAKER
FIRST AMENDED AND RESTATED BYLAWS
ARTICLE I OFFICES AND FISCAL YEAR
Section I .l . Reeistered office - the registered office of the corporation is as set forth in
the Articles of Incorporation.
Section 1.2. Other offices - the corporation may have such other offices within or
without the State of Minnesota, as determined from time to time by the Board of Directors of the
corporation (the “Board”).
Section 1.3. Fiscal Year-the fiscal year shall begin the first day of January and shall
end the last day of December of each year'
ARTICLE II MEMBERS
Section 2.1. Oualification and Admission - application for membership shall be open
to any person that supports the purpose of the corporation. Membership is granted by the Board
upon-réceipt of a completed membership application and dues. All memberships shall be granted
upon a májority vote of the Board. The Board may require members to enter into and sign a
membership agreement.
Section 2.2. Class - there shall be one voting class of members. The Board is
authorized to establish additional non-voting member classes'
Section 2.3. Membership Dues - The amount required for monthly membership dues
for members shall be set by the Board and may be increased or decreased by affirmative vote of
a majority of the Board.
Section 2.4. Voting - each member in good standing on the books of the corporation,
as of the date of record, shall be entitled to one vote for each issue brought before the members
for vote. Members are entitled to equal rights and preferences unless the Articles of
Incorporation or these Bylaws of the corporation limit the rights and preferences of members or
different classes of members or provide for nonvoting members'
Section 2.5. Transfer or Sale of Membership - no member shall transfer or sell a
membership or a right arising from it.
Section 2.6. Resignation - a member may resign at any time. Resignation does not
relieve the member from any obligation the member may have to the corporation for dues,
assessments, or fees or charges for goods and services.
Section 2.7. Suspension and Expulsion - a member may be expelled or suspended,
provided a membership may not be terminated or suspended except pursuant to a procedure that
is fair and reasonable and is carried out in good faith as provided for pursuant to Minn. Stat.
317 A.41t.
Section 2.8. Place of Meetings - member meetings shall be held at a time and place
designated by the Board or such other person authorized to do so by the Board of Directors. If a
place is not designated, the meeting shall be held at the Minnesota registered office of the
corporation.
Section 2.9. Annual Meeting - members shall hold an annual meeting of the members
for the purposes of electing successors for directors whose terms have expired, and to report on
the activities and financial condition of the corporation and for the transaction of such other
business as shall come before the meeting.
If an annual meeting has not been held for l5 months, at least 50 members with voting
rights or l0o/o of members with voting rights, whichever is less, may demand an annual meeting
of members by written notice of demand given to the president or the treasurer of the
corporation.
Section 2.10. Notice of Annual Meeting - notice of an annual meeting shall be mailed,
or given by a form of electronic communication consented to by the member, to each member
entitled to such notice not more than 60 days and not less than five days before the meeting,
unless otherwise fixed by law.
Section 2,I 1. Special Meeting - members shall hold a special meeting of the members if
called by the Board or such other person authorized to do so by the Board, or if at least 50
members with voting rights or l0%o of members with voting rights, whichever is less, sign, date
and deliver to the president or treasurer of the corporation one or more written demands for the
meeting describing the purpose for which the meeting is to be held.
Section 2.12. Notice of Special Meeting - notice of a special meeting shall be mailed, or
given by a form of electronic communication consented to by the member, to each member
entitled to such notice not more than 60 days and not less than five days before the meeting,
unless otherwise hxed by law. Such notice shall state the date, time, place and purpose of the
meeting.
Section 2.13. Ouorum - a quorum for a meeting of members is the greater of eight (8)
members entitled to vote at the meeting or ten-percent (10%) of the members entitled to vote at
the meeting.
Section 2.14. Proxies - proxies shall be allowed. An appointment of a proxy is effective
when received by the secretary or other officer of the corporation. An appointment is valid for 1l
months unless a different period is expressly stated in the proxy form; provided, however, a
proxy is not valid for more than three years from the date of its execution.
Appointment of a proxy is revoked by the person appointing the proxy by: l) attending a
meeting and voting in person; or 2) delivering to the secretary or other offìcer of the corporation
a written and signed statement revoking the proxy; or 3) delivering to the secretary or other
officer of the corporation a ne\ / appointment of a proxy.
Section 2.15. Action Without a Meeting - an action required or permitted to be taken at
a meeting of the members may be taken without a meeting by written action signed, or consented
to by authenticated electronic communication, by all the members entitled to vote on that action.
The written action is effective when it has been signed, or consented to by authenticated
electronic communication, by all of those members, unless a different effective time is provided
in the written action.
ARTICLE III BOARD OF DIRECTORS
Section 3.1. General Powers - the property, affairs and business of the corporation
shall be managed by the Board,
Section 3.2. Number - the Board shall consist of three (3) directors and may be
increased or decreased (to not less than three) by affirmative vote of a majority of the members
entitled to vote at an annual or special meeting of the corporation.
Section 3.3. Oualification - any member in good standing and l8 years of age or older
may be nominated to the Board.
Section 3.4. Term - each director shall hold offrce for three consecutive (3) years or a
different period set by the Board as necessary in order to effect staggered terms of directors, and
until a successor is elected and qualified, or until the death, resignation or removal or
disqualification. The Board is authorized to establish staggered terms of directors by dividing the
total number of directors into groups. The terms of office of the groups need not be uniform.
Section 3.5, Method of Election - successor directors shall be elected at the members'
annual or special meeting of the corporation. The president of the corporation shall serve as the
election officer, unless such person has a conflict of interest by virtue of being a candidate for
director in that election, in which case, the members present and entitled to vote at the meeting
shall appoint an election officer. No candidate for the Board or an office shall serve as an
election offrcer.
Section 3.6. Resignation - a director may resign at any time by giving written notice to
the corporation. The resignation is effective without acceptance when the notice is given to the
corporation, unless a later effective time is specified in the notice.
Section 3.7. Removal - a director may be removed at any time, with or without cause
by those members eligible to elect the director.
Section 3.8. Vacancy - if a vacancy occurs on the Board, including a vacancy resulting
from an increase in the number of directors, the members with voting rights may fill the vacancy,
The Board may temporarily fill a vacancy until the next annual or special meeting of the
members held for the purpose of electing successors for directors.
Section 3.9. Place of Meetings - Board meetings shall be held at a time and place
designated by the Board or such other person authorized to do so by the Board, in or out of the
State of Minnesota. If a place is not designated, the meeting shall be held at the Minnesota
registered office of the corporation.
Section 3.10. Notice of Meetine - notice of meeting shall be given by a form of
electronic communication consented to by all the Board members, to each Board member
entitled to such notice not less than five days before the meeting. Attendance by a director at a
meeting is a waiver of notice of that meeting, unless that director objects at the beginning of the
meeting to the transaction of business because the meeting is not lawfully called or convened and
that director does not participate in the meeting.
Section 3.1 L Annual Meeting - the Board shall hold an annual meeting.
Section 3.12. Action Without a Meeting - an action required or permitted to be taken at
a board meeting may be taken without a meeting by written action signed, or consented to by
authenticated electronic communication, by all the directors. The written action is effective when
it has been signed, or consented to by authenticated electronic communication, by all of those
directors, unless a different effective time is provided in the written action.
Section 3.13. Compensation - there shall be no compensation paid to the Board
directors. Board directors shall be reimbursed for such reasonable expenses incurred by them in
rendering such services as the Board may from time to time determine to be directly in the best
interests of this corporation.
Section 3.14. Standard of Conduct and Conflict of Interest - directors are subject to
Standard of Conduct and Conflicts of Interest provisions as set forth in Minn. Stat. 317 A.251 and
317A.255, as amended.
ARTICLE IV OFFICERS
Section 4.1. Officers Required - the corporation must have a president, treasurer and
secretary, which positions shall be filled by natural persons who are members of the corporation.
No person shall hold more than one office. The Board shall elect and appoint offltcers. The Board
may elect and appoint other officers as the Board considers necessary for the operation and
management of the corporation, each of whom has the powers, rights, responsibilities and terms
in office provided for in these Bylaws or determined by the Board.
Section 4.2. Oualification - any member in good standing and l8 years of age or older
may be elected and appointed as an officer.
Section 4.3. Term - each officer shall hold offlice for one year and until a successor is
elected and qualified, or until the death, resignation or removal or disqualification.
Section 4.4. Method of Election - offìcers shall be elected at the Board's annual or
special meeting of the corporation. The president of the corporation shall serve as the election
officer, unless such person has a conflict of interest by virtue of being considered forthat office,
in which case, the Board members present and entitled to vote at the meeting shall appoint an
election officer.
Section 4.5. Resignation - an offìcer may resign at any time by giving written notice to
the corporation. The resignation is effective without acceptance when the notice is given to the
corporation, unless alater effective time is speciflred in the notice.
Section 4.6. Removal - an officer may be removed with or without cause by a
resolution adopted by the Board.
Section 4.7, Vacancy - a vacancy in an office because of death, resignation, removal or
disqualification, or other cause may, or in the case of a vacancy in the office of president or
treaiurer, must be filled for the unexpired part of the term in the manner provided in these
Bylaws.
Section 4.8. Compensation - there shall be no compensation paid to offlrcers. OffÏcers
shall be reimbursed for such reasonable expenses incurred by them in rendering such services as
the Board may from time to time determine to be directly in the best interests of this corporation'
ARTICLE V OFFICER DUTIES
Unless otherwise provided in the articles, these bylaws or a resolution adopted by the
Board, the president, treasurer, secretary and vice president shall have the duties in Sections 5.1
through 5.4 below. The duties of any other officer shall be determined by the Board.
Section5.l. President - the president shall be responsible for the general active
management of the business of the corporation; when present, preside at all meetings of the
Board and of the members; see that the orders and resolutions of the Board are carried into
effect; sign and deliver in the name of the corporation deeds, mortgages, bonds, contracts, or
other insiruments pertaining to the business of the corporation except in cases in which the
authority to sign and deliver is required by law to be exercised by another person.
The president shall be, upon resolution approved by the afflirmative vote of a majority of
the Board, an ex officio member of all committees of the corporation.
Section 5.2. Treasurer - the treasurer shall keep accurate financial records of the
corporation; endorse and deposit money, drafts and checks in the name of and to the credit of the
corporation in the banks and depositories designated by the Board; disburse corporate funds as
authorized by the Board; and upon request by the Board, provide the Board certain fìnancial
reports.
Additionally, the treasurer shall keep accurate membership records, including the
recordation of new memberships and renewal memberships, and provide such records, upon
request, to the president and other persons as directed by the president or the Board.
Section 5.3. Secretary - the secretary shall keep and maintain the corporate records of
the corporation; record and maintain minutes of Board and member meetings; and receive and
respond to correspondence of the corporation, as directed by the Board, the president or the
treasurer.
Section 5.4. Vice President - in the event there is a vice president, the vice president
shall assistthe president in the management of the business of the corporation, as directed by the
president; and sign and deliver in the name of the corporation certain instruments pertaining to
the business of the corporation, as directed by the Board or by resolution of the Board or the
members, except in cases in which the authority to sign and deliver is required by law to be
exercised by another person.
ARTICLE VI COMMITTEES
Section 6.1. Formation - a resolution approved by the affirmative vote of a majority of
the Board may establish committees having authority of the Board in the management of the
business of the corporation to the extent provided in the resolution. Committees are subject at all
times to the direction and control of the Board.
Section 6.2. Qualification - committee members must be natural persons and a
committee must consist of at least three (3) persons, who need not be directors, appointed by the
Board.
Section 6.3. Place of Meetings - committee meetings shall be held at a time and place
designated by the Board or such other person authorized to do so by the Board, in or out ofthe
State of Minnesota, If a place is not designated, the meeting shall be held at the Minnesota
registered office of the corporation.
Section 6.4. Notice of Meeting - notice of meeting shall be given by a form of
electronic communication consented to by all the committee members, to each committee
member entitled to such notice, not less than five days before the meeting, unless, the notice of
meeting is waived by unanimous consent of the committee members.
Section 6.5. Action Without a Meeting - an action required or permitted to be taken at
committee meeting may be taken without a meeting by written action signed, or consented to by
authenticated electronic communication, by all the committee members. The written action is
effective when it has been signed, or consented to by authenticated electronic communication, by
all of those members, unless a different effective time is provided in the written action.
Committee actions must be approved and ratified by the Board.
Section 6.6. Minutes - committee meeting minutes shall be recorded and maintained
by the Secretary of the corporation, or such other person authorized to do so by the Board, and
must be made available to members of the committee and to the directors of the corporation.
Section 6.7 and - committee members are subject to Standard of Conduct and Conflicts of Interest provisions as set forth in Minn. Stat.
317A.251 and 317A.255, as amended.
Section 6.8. Indemnification - committee members are considered to be directors for
purposes of Indemnification as set forth in Section 8.1 belo and Minn. Stat. 3l7A'521' as
amended
ARTICLE VII BOOKS AND RECORDS
Section 7.1. Records - the Board shall keep and make available at its Minnesota
registered office, within a reasonable time period after receipt by an officer of the corporation of
a lritten demand for them made by a member or other person authorized by the Minnesota
Nonprofit Corporation Act, Section 317A.461, originals or copies of the corporation's:
(a) articles and all amendments;
(b) bylaws and all amendments;
© accounting records, including a statement showing the hnancial result of
all operations and transactions affecting income and surplus during the
corpóration's last annual accounting period and a balance sheet containing
a summary of its assets and liabilities as of the closing date of the
accounting period;
(d) any member voting or control agreements; and
(e) meeting minutes of members, Board of Directors and committees'
Section 7.2. Inspection - a member or director, or agent or attorney of a member or
director may inspect all documents referred in the above Section 7.1 for any proper purpose at
uny .”uronuble fime. A proper purpose is one reasonably related to the person's interest as a
member or director of the corporation'
ARTICLE VIII INDEMNIFICATION
Section 8.1. Indemnification - the corporation shall indemnify all officers and directors
of the corporation, for such expenses and liabilities, in such manner, under such circumstances
and to the fullest extent permitted by the Minnesota Nonprofit Corporation Act, as now enacted
or hereafter amended. The Board may author\ze the purchase and maintenance of insurance
and/or the execution of individual agreements for the purpose of such indemnification, and the
corporation shall advance all reasonáble costs and expenses (including attorneys' fees) incurred
in åefendin g any action, suit or proceeding to all persons entitled to indemnification under this
Section S.l, all in the manner, under the circumstances and to the extent permitted by the
Minnesota Nonprofit Corporation Act, as now enacted or hereafter amended. Unless otherwise
approved by the Board, the corporation shall not indemnify any employee of the corporation who
ii not otherwise entitled to indemnification pursuant to this Section 8' I .
ARTICLE IX AMENDMENTS
Section 9,1. Amendments - unless the Articles of Incorporation provides for members
the power to adopt, amend or repeal these Bylaws, these porwers are vested in the Board.
(a) The power of the Board is subject to the power of the members with
voting rìghts who can adopt, amend or repeal bylaws adopted, amended or repealed by
the Board. Unless the Articles of Incorporation or these Bylaws provide otherwise, at
least 50 members with voting rights or ten percent (10%) of the members with voting
rights, whichever is less, may propose a resolution for action by the members to adopt,
amend, or repeal bylaws adopted, amended or repealed by the Board.
The resolution must contain provisions proposed for adoption, amendment or
repeal. The limitations and procedures for submitting, considering or adopting the
reiolution are the same as piovided in Minn. Stat. 317AJ33, for amendment of the
Articles of Incorporation, except that Board approval is not required.
(b) The Board cannot adopt, amend or repeal a bylaw fixing a quorum for
meetings of members, prescribing procedures for removing directors or filling vacancies
in the Board or fixing the number of directors or their classifications, qualifications or
terms of office. A bylaw amendment to increase or decrease the vote required for a
member action must be approved by the members.
© The Board can adopt or amend a bylaw to increase the number of
directors.