Minnesota Session Laws - 1985, Regular Session

  

                         Laws of Minnesota 1985 

                         CHAPTER 48-S.F.No. 379 
           An act relating to nonprofit corporations; requiring 
          the articles of incorporation to contain a mailing 
          address; amending Minnesota Statutes 1984, sections 
          317.02, by adding a subdivision; 317.08, subdivision 2;
          and 317.19, subdivision 2.  
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  Minnesota Statutes 1984, section 317.02, is 
amended by adding a subdivision to read: 
    Subd. 13.  [ADDRESS.] "Address" means mailing address.  In 
the case of a registered office, the term means the office 
address, which shall not be a post office box. 
    Sec. 2.  Minnesota Statutes 1984, section 317.08, 
subdivision 2, is amended to read: 
    Subd. 2.  [REQUIRED PROVISIONS.] The articles of a 
corporation organized under this chapter shall state: 
    (1) the name of the corporation; 
    (2) the purpose of the corporation; 
    (3) that the corporation does not afford pecuniary gain, 
incidentally or otherwise, to its members; 
    (4) the period of duration of corporate existence, which 
may be perpetual; 
    (5) the location by city, town or other community, address 
of its registered office in this state; 
    (6) the name and address of each incorporator; 
    (7) the number of directors constituting the first board of 
directors, the name and address of each such director, and the 
tenure in office of the first directors; 
    (8) the extent of personal liability, if any, of members 
for corporate obligations and the methods of enforcement and 
collection; 
    (9) whether the corporation has capital stock or not, and 
the aggregate number of shares, if any, which the corporation 
has authority to issue and the par value, if any, of each share; 
and 
    (10) such other provisions as may be explicitly required 
for particular purposes by other sections of this chapter. 
     Sec. 3.  Minnesota Statutes 1984, section 317.19, 
subdivision 2, is amended to read: 
    Subd. 2.  [CHANGE OF LOCATION.] When a corporation desires 
to change the location of its registered office, the corporation 
shall file with the secretary of state a certificate of change 
of location of registered office, stating the new location by 
city, town or other community address and effective date of the 
change, accompanied by the fees prescribed by section 317.67.  
When the certificate of change of location has been duly filed 
and the required fees paid, the board of directors may make the 
change without amending the articles. 
    Approved April 29, 1985