Annual Report



MSBA Business Law Section Annual Report | 2020-2021

Section Membership
As of June 21, 2021 the Section has 889 members.

Financial Status
The Section had an account balance of $52,825.72 as of April 2021.

CLEs & Events

The Section hosted 5 Free CLE events for members in fiscal year 2020-21.  

Program Title

Date

Event Code

CLE Credits

# of Attendees

Minnesota Workouts and Foreclosures

12/2/20

331178

1.0 Standard

25

Tapping Restricted and Endowment Funds in a Down Economy

12/15/20

331177

0.75 Standard

29

Donor Advised Funds and Proposed Disclosure Requirements in Minnesota

1/26/21

341419

1.0 Standard

30

You, Your Clients and Imminent Beneficial Owner Reporting to FinCEN

3/10/21

343327

1.0 Standard

50

Business Law Institute

3/3/21-3/4/21

353464

9.5 Standard

1.0 Ethics

1.0 Bias

 

2021 Annual Meeting

5/4/21

N/A

N/A

26

Opinions of Counsel in Commercial Finance Transactions

5/25/21

365195

1.0 Standard

28


Annual Meeting and Election Results

The Section’s Annual Meeting was held on May 4th, 2021 and 26 people attended. 

The following council members were newly elected to serve on the Section’s Governing Council from 7/1/2021 to 6/30/2022:
• Michael S. Divine, Start-Up Law Expert, MIT
• Matt Krush, Chief Corporate Counsel at U.S. Bank
• Open

The following council members were re-elected to serve on the Section’s Governing Council from 7/1/2021 to 6/30/2022:
• Laura Bednarski
• Julie Landy
• Jon Levy (2nd term)
• Kim Lowe (2nd term)
• Mary Sennes
• Emmet Robertson
• Marty Rosenbaum (2nd term)
• Brad Schmidt
• Wade Wacholz (2nd term)

The following officers were elected to serve on the Section’s Governing Council from 7/1/2021 to 6/30/2022:
• Section Chair: Wade Wacholz
• Section Vice-Chair: Kim Lowe
• Section Secretary: Emmett Robertson
• Section Treasurer: Brad Schmidt
• Section Past Chair: Jon Levy 


Diversity, Equity and Inclusion 
What diversity, equity and inclusion goals did the Section include in the 2020-2021 work plan, how did you approach these goals, and what was the result?

Adopt a Diversity & Inclusion Plan. We drafted a Diversity & Inclusion Plan, which we intend to complete at the first Executive Council meeting in 2021-2022.

Other Section Accomplishments
Summer Clerk Position:
The Section Council created a summer clerk position in an effort to increase awareness of practicing business law amongst law students as well as to put the Section's dues revenue to work by providing opportunities. A rising 1L St. Thomas School of Law student was chosen and we anticipate projects will include gathering, researching and writing/editing materials for the Section webpage, researching and analyzing legislative proposals germane to the section or its committees, researching and assembling case law summaries for use by Section membership and other projects that would support and benefit Section membership and goals. For now, the Section is experimenting with this summer clerk position, but they hope to make this a regular occurrence in the future.

Sponsorships:
$500 sponsorship for the MSBA Convention to provide a discounted rate for all Business Law Section members to attend the two day convention. 

Submitted By:
Jon Levy, Section Chair
Date 6/25/21