Minnesota § 317A.407 LIABILITY OF MEMBERS

Minnesota Statutes

§ 317A.407 — LIABILITY OF MEMBERS

Minnesota § 317A.407

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 317ANONPROFIT CORPORATIONS

This text of Minnesota § 317A.407 (LIABILITY OF MEMBERS) 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. § 317A.407 (2026).

Text

Subdivision 1.Third parties. A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation. Subd. 2.Dues, assessments, or fees.

(a)When authority to do so is conferred by the articles or bylaws and subject to any limitations, a corporation may levy dues, assessments, or fees upon its members. The dues, assessments, or fees may be imposed upon all classes of members alike or differently upon different classes of members. Members of one or more classes may be exempted.

(b)Articles or bylaws may:

(1)fix the amount of the levy and the method of collection of dues, assessments, or fees; or

(2)authorize the directors to fix the amount from time to time and determine the methods of collection.

(c)Articles or bylaws may prov

Free access — add to your briefcase to read the full text and ask questions with AI

Subdivision 1.Third parties.
A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.

Subd. 2.Dues, assessments, or fees.
(a) When authority to do so is conferred by the articles or bylaws and subject to any limitations, a corporation may levy dues, assessments, or fees upon its members. The dues, assessments, or fees may be imposed upon all classes of members alike or differently upon different classes of members. Members of one or more classes may be exempted.
(b) Articles or bylaws may:
(1) fix the amount of the levy and the method of collection of dues, assessments, or fees; or
(2) authorize the directors to fix the amount from time to time and determine the methods of collection.
(c) Articles or bylaws may provide for:
(1) enforcement or collection of dues, assessments, or fees;
(2) cancellation of membership, on reasonable notice, for nonpayment of dues, assessments, or fees; or
(3) reinstatement of membership.