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2007 Minnesota Statutes

This is a historical version of this statute section. Also view the most recent published version.

37.27 MS 1981 Supp [Repealed, 1982 c 625 s 16]
37.27 FAIR FOUNDATION.
The State Agricultural Society may establish a nonprofit corporation to be operated
exclusively for charitable purposes as contemplated by sections 170(c)(2) and 501(c)(3) of
the United States Internal Revenue Code. Subject to those sections, the corporation must be
organized and operated exclusively for the benefit and to carry out the purposes of the State
Agricultural Society for so long as the State Agricultural Society is and remains an organization
as described in section 509(a)(1) or 509(a)(2) of the Internal Revenue Code. The corporation shall
solicit, receive, hold, invest, and contribute funds and property for the use and benefit of the
State Agricultural Society in a manner consistent with the public good and primarily for capital
expenditures and other needs not funded by other means. The corporation may be known as the
Minnesota State Fair Foundation.
History: 2001 c 85 s 2

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