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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 304A.101: INCORPORATION OF A PUBLIC BENEFIT CORPORATION.

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Where this section sits in the code
  1. BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
  2. CHAPTER 304A. MINNESOTA PUBLIC BENEFIT CORPORATION ACT

Subdivision 1. Incorporation.

A public benefit corporation must be incorporated in accordance with chapter 302A, and its articles must also state that the public benefit corporation is a:

(1) general benefit corporation;

(2) general benefit corporation that also elects to pursue a specific public benefit purpose as stated in its articles; or

(3) a specific benefit corporation that elects to pursue a specific public benefit purpose as stated in its articles.

Subd. 2. Name requirements.

A public benefit corporation name must comply with the requirements of section 302A.115 other than subdivision 1, paragraph (b), and with respect to:

(1) a general benefit corporation, contain the words "general benefit corporation," or the abbreviation "GBC;" and

(2) a specific benefit corporation, contain the words "specific benefit corporation," or the abbreviation "SBC."

Collected 2026-09-02T22:10:41Z. Source file · JSON

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