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2007 Minnesota Statutes

This is a historical version of this statute section. 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: 1989 c 304 s 82

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