Minnesota Statutes 365.02 – Town Corporation May Sue, Own Property, Make Contracts
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(a) A town is a public corporation.
Terms Used In Minnesota Statutes 365.02
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Personal property: All property that is not real property.
(b) A town may:
(1) sue and be sued in its corporate name;
(2) buy, take, and hold real and personal property for a public purpose, and convey and dispose of the property;
(3) enter into any contract that is necessary for the town to use any of its powers; and
(4) dispose of, control, and use town property as its residents consider expedient.