317A.061 FOREIGN NONPROFIT CORPORATIONS; SECTIONS APPLICABLE.
Subdivision 1.
General. Except for this section and section
317A.651 concerning merger or
consolidation, this chapter does not apply to foreign nonprofit corporations.
Subd. 2.
Sections applicable. (a) Except as provided in paragraph (b), a foreign nonprofit
corporation is subject to chapter 303. Unless it complies with chapter 303, a foreign corporation
may not transact business in this state.
(b) Sections
303.02, subdivision 2;
303.07;
303.14;
303.16; subdivision 2, clauses (6) and
(7); and
303.22 do not apply to foreign nonprofit corporations.
History: 1989 c 304 s 7