Minnesota Statutes > Chapter 116T – Northern Technology Initiative, Inc.
Current as of: 2023 | Check for updates
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| § 116T.01 | Definitions |
| § 116T.02 | Corporation; Members; Board of Directors; Powers |
| § 116T.03 | Corporate Personnel |
| § 116T.04 | Powers and Duties of Corporation |
| § 116T.05 | Audits |
| § 116T.06 | Dissolution |
Terms Used In Minnesota Statutes > Chapter 116T - Northern Technology Initiative, Inc.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Majority: means with respect to an individual the period of time after the individual reaches the age of 18. See Minnesota Statutes 645.451
- Quorum: The number of legislators that must be present to do business.
- seal: includes an impression thereof upon the paper alone, as well as an impression on a wafer, wax, or other substance thereto attached. See Minnesota Statutes 645.44
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.