Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 304A.202. Right of action

Subdivision 1.Standing and grounds for claims. (a) No person other than a shareholder may assert a claim under this chapter or chapter 302A against a public benefit corporation, its directors, or its officers on account of the public benefit corporation's director's or officer's failure to pursue or create general public benefit or a specific public benefit.

(b) A public benefit corporation is not liable for monetary damages under this chapter for any failure of the public benefit corporation to pursue or create general public benefit or a specific public benefit.

(1) directors or those in control of a public benefit corporation have breached the duties stated insection 304A.201to a substantial extent and in a sustained manner; or

(2) the public benefit corporation has for an unreasonably long period of time failed to pursue:

Subd. 3.Particular relief available. (a) In an action under this chapter, in addition to granting any other equitable relief the court deems just and reasonable in the circumstances, the court may:

(b) Paragraph (a) does not imply any limitations on the relief available in a proceeding brought undersection 302A.751without reference to this chapter.