317A.909 CORPORATIONS FOR RELIGIOUS PURPOSES.
Subdivision 1. Benefits for members.
When authorized by its members or otherwise, a
corporation formed for a religious purpose may provide directly or through a church benefits
(1) support and payment of benefits to its ministers, teachers, employees, or functionaries
and to the ministers, teachers, employees, or functionaries of a nonprofit organization affiliated
with it or under its jurisdiction;
(2) payment of benefits to the surviving spouses, children, dependents, or other beneficiaries
of the persons named in clause (1);
(3) collection of contributions and other payments; or
(4) creation, maintenance, investment, management, and disbursement of necessary
endowment, reserve, and other funds for these purposes, including a trust fund or corporation
that funds a "church plan" as defined in section 414(e) of the Internal Revenue Code of 1986, as
amended through December 31, 1988.
Subd. 2. Insurance laws not applicable.
The insurance laws of this state do not apply to the
operations of a corporation under subdivision 1.
Subd. 3. Property exempt from taxation.
Except for property leased or used for profit,
personal and real property that a religious corporation necessarily uses for a religious purpose is
exempt from taxation.
Subd. 4.[Repealed, 2005 c 10 art 2 s 5
Subd. 5. Church benefits board.
A "church benefits board" is an organization described in
section 414(e)(3)(A) of the Internal Revenue Code of 1986, as amended through December 31,
1988, whether a civil law corporation or otherwise, the principal purpose or function of which
is the administration or funding of a plan or program for the provision of retirement benefits or
welfare benefits for the employees of a church or a convention or association of churches, if
the organization is controlled by or associated with a church or a convention or association of
History: 1989 c 304 s 128