Minnesota Public Benefit Corporation Act

In This Issue:

- Introduction

- Minnesota Public Benefit Corporation Legislation

- Effective Date

- Types of Public Benefit Corporations

- Establishment of a Public Benefit Corporation

- Name

- Standard of Conduct

- Right of Action

- Annual Report

- Excerpt from Minnesota Public Benefit Corporation Legislation:

The legislation is inscribed as new Minnesota Chapter 304A, which provides an overlay to the Minnesota Business Corporation Act in Chapter 302A (the “MBCA”). The MBCA applies to all public benefit corporations, unless a specific provision of the Minnesota Public Benefit Corporation Act conflicts with the MBCA, in which case the Minnesota Public Benefit Corporation Act governs. No provision of a public benefit corporation’s articles, bylaws, or shareholder control agreement can supersede any provision of the Minnesota Public Benefit Corporations Act.

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Stinson Leonard Street | Attorney Advertising

Written by:


Stinson Leonard Street on:

Popular Topics
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.