{"data":{"id":"us-mn/minn.-stat.-302a.331","jurisdiction":"us-mn","citation":"Minn. Stat. § 302A.331","heading":"CONTRACT RIGHTS.","body":"The election or appointment of a person as an officer or agent does not, of itself, create contract rights. A corporation may enter into a contract with an officer or agent for a period of time if, in the board's judgment, the contract would be in the best interests of the corporation. The fact that the contract may be for a term longer than the terms of the directors who authorized or approved the contract does not make the contract void or voidable.","path":["BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS","CHAPTER 302A. BUSINESS CORPORATIONS","OFFICERS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/302A.331","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:41Z","sha256":"2445da7f4aa0302d2dce9ff932b7f23783fab0d3faf942cb40b1785114fe66f9","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-302a.321","next":"us-mn/minn.-stat.-302a.341"},"notice":"GroundRules: Original legal text. Not legal advice."}