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.
1949 c 156 s 2; 1984 c 628 art 5 s 1
Structure Minnesota Statutes
Chapters 300 - 323A — Business, Social, And Charitable Organizations
Chapter 300 — General Provisions
Section 300.15 — Powers, Rights, Liabilities, And Duties Of Consolidated Corporation.
Section 300.64 — Liability Of Stockholders And Directors.
Section 300.65 — Mining Corporations; Meetings; Stock In Other Companies Permitted; Penalties.
Section 300.66 — Contributions By Corporations.