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2019 Minnesota Statutes
Chapters 116R - 116W — Business Development
Chapter 116T — Northern Technology Initiative, Inc.
Section 116T.04 — Powers And Duties Of Corporation.
Universal Citation: MN Stat § 116T.04 (2019)
116T.04 POWERS AND DUTIES OF CORPORATION.
Subdivision 1. 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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