Minnesota § 116T.04 POWERS AND DUTIES OF CORPORATION

Minnesota Statutes

§ 116T.04 — POWERS AND DUTIES OF CORPORATION

Minnesota § 116T.04

PartBUSINESS DEVELOPMENT

Ch. 116TNORTHERN TECHNOLOGY INITIATIVE, INC.

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Bluebook

Minn. Stat. § 116T.04 (2026).

Text

Subdivision 1.Powers and duties.

(a)The corporation has the powers granted to a nonprofit corporation by section317A.161, except as otherwise provided in this chapter.

(b)Except as specified in section116T.02, subdivision 10, the state is not liable for the obligations of the corporation.

(c)Section317A.161applies to this chapter and the corporation in the same manner that it applies to business corporations established under chapter 317A. Subd. 2.Rules. The corporation must publish in the State Register any guidelines, policies, or eligibility criteria prepared or adopted by the corporation for its programs.

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Subdivision 1.Powers and duties.
(a) The corporation has the powers granted to a nonprofit corporation by section317A.161, except as otherwise provided in this chapter.
(b) Except as specified in section116T.02, subdivision 10, the state is not liable for the obligations of the corporation.
(c) Section317A.161applies to this chapter and the corporation in the same manner that it applies to business corporations established under chapter 317A.

Subd. 2.Rules.
The corporation must publish in the State Register any guidelines, policies, or eligibility criteria prepared or adopted by the corporation for its programs.