Minnesota Statutes 315.27 – Procedure for Incorporation
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Two or more societies of the classes named in section 315.26 may form a corporation by adopting a canon or resolution and having a copy certified, verified, approved by the attorney general, and recorded as provided by section 315.23. The canon or resolution may be adopted (1) in joint session by representatives, delegates, and others entitled to vote at the regular meetings of the societies, respectively, for the year in which the canon or resolution is adopted or (2) in joint session by committees elected or appointed by the societies, respectively, for that purpose.
Terms Used In Minnesota Statutes 315.27
- 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.
- Joint session: When both chambers of a legislature adopt a concurrent resolution to meet together.
- verified: when used in reference to writings, means supported by oath or affirmation. See Minnesota Statutes 645.45