{"data":{"id":"us-mn/minn.-stat.-317a.331","jurisdiction":"us-mn","citation":"Minn. Stat. § 317A.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 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 317A. NONPROFIT CORPORATIONS","OFFICERS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/317A.331","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:41Z","sha256":"c9d029e155e11b34d40df0b519c1640688fca23b0fb3bcaae36011daf259027b","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-317a.321","next":"us-mn/minn.-stat.-317a.341"},"notice":"GroundRules: Original legal text. Not legal advice."}