Minnesota Statutes
§ 302A.505 — ADVANCES
Minnesota § 302A.505
JurisdictionMinnesota
PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Ch. 302ABUSINESS CORPORATIONS
This text of Minnesota § 302A.505 (ADVANCES) 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. § 302A.505 (2026).
Text
A corporation may, without a vote of the directors, advance money to its directors, officers, or employees to cover expenses that can reasonably be anticipated to be incurred by them in the performance of their duties and for which they would be entitled to reimbursement in the absence of an advance.
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Legislative History
1981 c 270 s 83
Nearby Sections
15
§ 302A.001
CITATION§ 302A.011
DEFINITIONS§ 302A.021
APPLICATION AND ELECTION§ 302A.031
TRANSITION§ 302A.041
RESERVATION OF RIGHT§ 302A.101
PURPOSES§ 302A.105
INCORPORATORS§ 302A.111
ARTICLES§ 302A.115
CORPORATE NAME§ 302A.117
RESERVED NAME§ 302A.121
REGISTERED OFFICE; REGISTERED AGENT§ 302A.131
AMENDMENT OF ARTICLESCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 302A.505, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/302A/302A.505.