APPLICATION AND EFFECT OF CHAPTER.

304A.011 APPLICATION AND EFFECT OF CHAPTER. § Subdivision 1.General rule. This chapter applies to all public benefit corporations. § Subd. 2.Laws applicable. Chapter 302A applies to all public benefit corporations and all statutes and rules of law that apply to a corporation formed under chapter 302A also apply to a public benefit corporation. If chapter 302A conflicts with sections 304A.001 to 304A.301, sections 304A.001 to 304A.301 govern. The chapter does not affect a statute or rule of law that applies to a corporation formed under chapter 302A that is not a public benefit corporation. § Subd. 3.Chapter not to be varied. A provision of the articles, shareholder control agreement, or bylaws of a public benefit corporation may not limit, be inconsistent with, or supersede a provision of this chapter. History: 2014 c 172 s 2