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Current as of January 01, 2025 | Updated by Findlaw Staff
Subdivision 1.Incorporation. A public benefit corporation must be incorporated in accordance with chapter 302A, and its articles must also state that the public benefit corporation is a:
(1) general benefit corporation;
(2) general benefit corporation that also elects to pursue a specific public benefit purpose as stated in its articles; or
(3) a specific benefit corporation that elects to pursue a specific public benefit purpose as stated in its articles.
Subd. 2.Name requirements. A public benefit corporation name must comply with the requirements ofsection 302A.115other than subdivision 1, paragraph (b), and with respect to:
(1) a general benefit corporation, contain the words “general benefit corporation,” or the abbreviation “GBC;” and
(2) a specific benefit corporation, contain the words “specific benefit corporation,” or the abbreviation “SBC.”
Cite this article: FindLaw.com - Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 304A.101. Incorporation of a public benefit corporation - last updated January 01, 2025 | https://codes.findlaw.com/mn/business-social-and-charitable-organizations-ch-300-323a/mn-st-sect-304a-101/
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