Section 1 - Annual meetings: One annual meeting of the members shall take place in the month of. By law, the Annual Meeting must be held once per year.A board may choose to hold an annual meeting for the purpose of planning that year's activity. The Minnesota Open Meeting Law requires that meetings of governmental bodies generally be open to the public. This meeting is for the purpose of electing other homeowners among yourselves who will serve and direct the affairs of your association. Minnesota Corporate Bylaws create the policies and procedures for your corporation. Our free, attorney-drafted template can get you started. Use this form to file your annual renewal once every calendar year. There is no fee for filing the annual renewal if the entity is active and in good standing. Associations must prepare an annual report and provide a copy to each unit owner before or at the association's annual owner meeting (Minn.