Minnesota Statutes 315.48 – Reincorporation
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A religious society now conducting its affairs as a Young Men’s Christian Association or a Young Women’s Christian Association may reincorporate under sections 315.44 to 315.47. The new certificate of incorporation must be executed by all the directors of the association. Upon reincorporation the property of the society passes to and vests in the corporation so formed.
Terms Used In Minnesota Statutes 315.48
- 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.