Minnesota Statutes 315.44 – Ymca, Ywca; Formation, Certificate
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Three or more persons may form a corporation known as a Young Men’s Christian Association or a Young Women’s Christian Association by adopting, signing, and acknowledging a certificate of incorporation containing:
Terms Used In Minnesota Statutes 315.44
- 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.
(1) the names and places of residence of the incorporators;
(2) the name of the corporation, the location of its principal place of business, and the period of its duration;
(3) the objects of its organization expressly stated;
(4) the number of its directors, not less than five, who shall manage its affairs, how and when elected, and the time and place of annual meetings; and
(5) the terms of admission to active membership.
The certificate must be recorded with the county recorder of the county of its principal place of business.