Minnesota Statutes
Chapters 300 - 323A — Business, Social, And Charitable Organizations
Chapter 301 — Development Corporations

Section 301.71 — Development Corporations. - Subdivision 1. Formation. Any three or more natural persons who...

Section 301.72 — Purposes. - The purpose of the corporation is to assist, encourage and...

Section 301.73 — Certificate. - The certificate of the corporation shall be filed for record...

Section 301.74 — Publication Of Certificate. - Every such certificate of incorporation shall be published in a...

Section 301.75 — Additional Powers. - Subdivision 1. General powers. (a) A corporation formed under the...

Section 301.76 — Capital Stock. - The capital stock of the corporation shall be 20,000 shares...

Section 301.77 — Directors. - Subdivision 1. Membership. All the corporate powers of the corporation...

Section 301.78 — Nonstockholder Members. - The nonstockholder members of the corporation shall consist of such...

Section 301.79 — Earned Surplus. - The corporation shall set apart as an earned surplus all...

Section 301.80 — Limitations On Obligations. - At no time shall the total obligations of the corporation...

Section 301.81 — Deposit Of Funds. - The corporation shall not deposit any of its funds in...

Section 301.82 — Supervision And Examination. - The corporation is subject to the supervision of and examination...

Section 301.83 — Rights Of Holders Of Capital Stock. - The holders of capital stock as such shall have no...

Section 301.84 — Obligations Are Legal Investments For Members. - Notwithstanding any other statute, the notes or other interest-bearing obligations...