It is declared to be the public policy of the state of Minnesota that contributions made in accordance with the provisions of section 300.66 constitute a valid and proper use of corporate funds, and in the absence of an express provision in its charter to the contrary, the making of contributions or gifts by a corporation is within its powers and inures to the benefit of the corporation.
Minn. Stat. § 300.67
DECLARATION OF POLICIES.
Known as the Minnesota Business Filing Fraud Prevention Act
The act spans §§ 300–300 (16 sections).
1949 c 156 s 2; 1984 c 628 art 5 s 1
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.