Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 317A.909. Corporations for religious purposes

Subdivision 1. Benefits for members. When authorized by its members or otherwise, a corporation formed for a religious purpose may provide directly or through a church benefits board for:

Subd. 2. Insurance laws not applicable. The insurance laws of this state do not apply to the operations of a corporation under subdivision 1.

Subd. 3. Property exempt from taxation. Except for property leased or used for profit, personal and real property that a religious corporation necessarily uses for a religious purpose is exempt from taxation.

Subd. 4. Repealed byLaws 2005, c. c. 10, art. 2, § 5, eff. Aug. 1, 2005.

Subd. 5. Church benefits board. A “church benefits board” is an organization described insection 414(e)(3)(A) of the Internal Revenue Code of 1986, as amended through December 31, 1988, whether a civil law corporation or otherwise, the principal purpose or function of which is the administration or funding of a plan or program for the provision of retirement benefits or welfare benefits for the employees of a church or a convention or association of churches, if the organization is controlled by or associated with a church or a convention or association of churches.

Subd. 6. Church benefits board as trustee. A church benefits board may act as trustee under a lawful trust and may act as agent for the performance of a lawful act relating to the purposes of the trust.