A corporation may issue certificates showing membership in the corporation. In lieu of a membership certificate, a corporation may issue preferred or common stock. Stock may be issued upon the terms and conditions that the board considers appropriate.
Minn. Stat. § 317A.403
MEMBERSHIP CERTIFICATES.
Known as the Minnesota Nonprofit Corporation Act
The act spans §§ 317A.001–317A.909 (134 sections).
1989 c 304 s 57; 1990 c 488 s 26
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.