304A.101 INCORPORATION OF A PUBLIC BENEFIT CORPORATION. Subdivision 1. Incorporation. A public benefit corporation must be incorporated in accordance with chapter 302A, and its articles must also state that the public benefit corporation is a: (1) general benefit corporation; (2) general benefit corporation that also elects to pursue a specific public benefit purpose as stated in its articles; or (3) a specific benefit corporation that elects to pursue a specific public benefit purpose as stated in its articles. Subd. 2. Name requirements. A public benefit corporation name must comply with the requirements of section 302A.115 other than subdivision 1, paragraph (b), and with respect to: (1) a general benefit corporation, contain the words 'general benefit corporation,' or the abbreviation 'GBC;' and (2) a specific benefit corporation, contain the words 'specific benefit corporation,' or the abbreviation 'SBC.' History: 2014 c 172 s 4
Minnesota Legal Code