Minnesota Legislature
Office of the Revisor of Statutes
2020 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
317A.505 ADVANCES.
A corporation may, without a vote of the directors, advance money to its directors, officers, employees, or agents to cover expenses that can reasonably be anticipated to be incurred by them in the performance of their duties and for which they would be entitled to reimbursement in the absence of an advance.
History:
Official Publication of the State of Minnesota
Revisor of Statutes