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2018 Minnesota Statutes
Chapters 300 - 323A — BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Chapter 301 — DEVELOPMENT CORPORATIONS
Section 301.80 — LIMITATIONS ON OBLIGATIONS.
Universal Citation: MN Stat § 301.80 (2018)
301.80 LIMITATIONS ON OBLIGATIONS.
At no time shall the total obligations of the corporation exceed ten times the amount of the paid-in capital and surplus, not including earned surplus.
History: 1957 c 896 s 10
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