2007 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 301 Development Corporations
Section 301.72 PURPOSES.

301.72 PURPOSES.
The purpose of the corporation is to assist, encourage and through the cooperative efforts of
the institutions and corporations which, from time to time become members thereof, develop and
advance the business prosperity and economic welfare of this state; to encourage and assist in
the location of new business and industry in this state and to rehabilitate existing business and
industry; to stimulate and assist in the expansion of all kinds of business activity which will
tend to promote the business development and maintain the economic stability of this state, and
provide maximum opportunities for employment; to cooperate and act in conjunction with other
organizations, public or private, the objects of which are the promotion and advancement of
industrial, commercial, agricultural and recreational developments in this state; and to furnish
money and credit to approved and deserving applicants, for the promotion, development and
conduct of all kinds of business activity in this state, thereby establishing a source of credit not
otherwise readily available therefor.
History: 1957 c 896 s 2