At no time shall the total obligations of the corporation exceed ten times the amount of the paid-in capital and surplus, not including earned surplus.
1957 c 896 s 10
Structure Minnesota Statutes
Chapters 300 - 323A — Business, Social, And Charitable Organizations
Chapter 301 — Development Corporations
Section 301.71 — Development Corporations.
Section 301.74 — Publication Of Certificate.
Section 301.75 — Additional Powers.
Section 301.76 — Capital Stock.
Section 301.78 — Nonstockholder Members.
Section 301.79 — Earned Surplus.
Section 301.80 — Limitations On Obligations.
Section 301.81 — Deposit Of Funds.
Section 301.82 — Supervision And Examination.
Section 301.83 — Rights Of Holders Of Capital Stock.
Section 301.84 — Obligations Are Legal Investments For Members.