Minnesota § 304A.101 INCORPORATION OF A PUBLIC BENEFIT CORPORATION

Minnesota Statutes

§ 304A.101 — INCORPORATION OF A PUBLIC BENEFIT CORPORATION

Minnesota § 304A.101

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 304AMINNESOTA PUBLIC BENEFIT CORPORATION ACT

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Bluebook

Minn. Stat. § 304A.101 (2026).

Text

Subdivision 1.Incorporation. A public benefit corporation must be incorporated in accordance with chapter 302A, and its articles must also state that the public benefit corporation is a:

(1)general benefit corporation;

(2)general benefit corporation that also elects to pursue a specific public benefit purpose as stated in its articles; or

(3)a specific benefit corporation that elects to pursue a specific public benefit purpose as stated in its articles. Subd. 2.Name requirements. A public benefit corporation name must comply with the requirements of section302A.115other than subdivision 1, paragraph (b), and with respect to:

(1)a general benefit corporation, contain the words "general benefit corporation," or the abbreviation "GBC;" and

(2)a specific benefit corporation, contain the

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Subdivision 1.Incorporation.
A public benefit corporation must be incorporated in accordance with chapter 302A, and its articles must also state that the public benefit corporation is a:
(1) general benefit corporation;
(2) general benefit corporation that also elects to pursue a specific public benefit purpose as stated in its articles; or
(3) a specific benefit corporation that elects to pursue a specific public benefit purpose as stated in its articles.

Subd. 2.Name requirements.
A public benefit corporation name must comply with the requirements of section302A.115other than subdivision 1, paragraph (b), and with respect to:
(1) a general benefit corporation, contain the words "general benefit corporation," or the abbreviation "GBC;" and
(2) a specific benefit corporation, contain the words "specific benefit corporation," or the abbreviation "SBC."