FOREIGN NONPROFIT CORPORATIONS; SECTIONS APPLICABLE.

317A.061 FOREIGN NONPROFIT CORPORATIONS; SECTIONS APPLICABLE. § Subdivision 1.General. Except for this section and section 317A.651 concerning merger or consolidation, this chapter does not apply to foreign nonprofit corporations. § Subd. 2.Sections applicable. (a) Except as provided in paragraph (b), a foreign nonprofit corporation is subject to chapter 303. Unless it complies with chapter 303, a foreign corporation may not transact business in this state. (b) Sections 303.02, subdivision 2; 303.07; 303.14; 303.16, subdivision 2, clause (6); and 303.22 do not apply to foreign nonprofit corporations. History: 1989 c 304 s 7; 2017 c 40 art 1 s 109