64B.12 INSTITUTIONS.
65 words·~1 min read·
/mn/chapter-64/64b-12A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
64B.12 INSTITUTIONS.
A society may create, maintain, and operate, or may establish organizations to operate, not for profit institutions to further the purposes permitted by section 64B.05, subdivision 1 , clause (2). The institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held, or leased by the society for this purpose shall be reported in every annual statement.