Minnesota § 116O.04 CORPORATE PERSONNEL

Minnesota Statutes

§ 116O.04 — CORPORATE PERSONNEL

Minnesota § 116O.04

PartECONOMIC DEVELOPMENT AND PLANNING

Ch. 116OENTERPRISE MINNESOTA, INC.

This text of Minnesota § 116O.04 (CORPORATE PERSONNEL) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 116O.04 (2026).

Text

Subdivision 1.Generally.
The board shall appoint and set the compensation for a president, who serves as chief executive officer of the corporation, and who may appoint subordinate officers. The board may designate the president as its general agent. Subject to the control of the board, the president shall employ employees, consultants, and agents the president considers necessary. The staff of the corporation must include individuals with operational experience and knowledgeable in commercial and industrial financing, energy conservation, research and development, economic development, and general fiscal affairs. The board shall define the duties and designate the titles of the employees and agents.

Subd. 2.Status of employees.
Employees, officers, and directors of the corporation and p

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Subdivision 1.Generally.
The board shall appoint and set the compensation for a president, who serves as chief executive officer of the corporation, and who may appoint subordinate officers. The board may designate the president as its general agent. Subject to the control of the board, the president shall employ employees, consultants, and agents the president considers necessary. The staff of the corporation must include individuals with operational experience and knowledgeable in commercial and industrial financing, energy conservation, research and development, economic development, and general fiscal affairs. The board shall define the duties and designate the titles of the employees and agents.

Subd. 2.Status of employees.
Employees, officers, and directors of the corporation and programs governed by this chapter are not state employees, but are covered by section3.736and, at the option of the board, may participate in the state retirement plan and the state deferred compensation plan for employees in the unclassified service and an insurance plan administered by the commissioner of management and budget.

Subd. 3.
MS 2020 [Repealed,2021 c 31 art 4 s 33]

Subd. 4.Personnel policies.
(a) The corporation must adopt and periodically revise, if necessary, an affirmative action plan similar to the affirmative action plan under section43A.19, subdivision 1. The corporation is subject to the audit and reporting requirements under section43A.191, subdivision 3.
(b) Employees of the corporation are subject to the prohibition of political activities and required leave of absences under section43A.32.
(c) Employees of the corporation are subject to the code of ethics requirements under section43A.38.

Legislative History

1987 c 386 art 2 s 4;1988 c 686 art 1 s 67;1988 c 708 s 3;1989 c 335 art 4 s 57;1991 c 322 s 3,19;1993 c 163 art 2 s 4;1994 c 554 s 1;1997 c 202 art 2 s 63;2008 c 204 s 42;2008 c 290 s 2,6,7;2009 c 101 art 2 s 109