2006 Minnesota Code
Chapters 116R - 116U Business Development
Chapter 116T Northern Technology Initiative, Inc.
Section 116T.04 POWERS AND DUTIES OF CORPORATION.
116T.04 POWERS AND DUTIES OF CORPORATION.
Subdivision 1. General powers and duties. (a) The corporation has the powers granted to a
nonprofit corporation by section
317A.161, except as otherwise provided in this chapter.
(b) Except as specified in section
116T.02, subdivision 10, the state is not liable for the
obligations of the corporation.
(c) Section
317A.161 applies to this chapter and the corporation in the same manner that it
applies to business corporations established under chapter 317A.
Subd. 2. Rules. The corporation must publish in the State Register any guidelines, policies,
or eligibility criteria prepared or adopted by the corporation for its programs.
History: 1Sp2001 c 10 art 2 s 56
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