A corporation may be incorporated under this chapter for any business purpose or purposes, unless some other statute of this state requires incorporation for any of those purposes under a different law. Unless otherwise provided in its articles, a corporation has general business purposes.
Minn. Stat. § 302A.101
PURPOSES.
Known as the Minnesota Business Corporation Act
The act spans §§ 302–302 (139 sections).
Applied in 2 court decisions — leading case State Ex Rel. Humphrey v. Delano Community Development Corp. (1997)
Most recently applied in Southern Minnesota Municipal Power Agency v. Boyne (May 1998)
1981 c 270 s 5
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.