§ 317A.163 — Corporate Seal
Plain-Language Summary
Allows a nonprofit to adopt and use a corporate seal, but does not require one.
317A.163 CORPORATE SEAL.
§
Subdivision 1.Seal not required.
A corporation may, but need not, have a corporate seal. The use or nonuse of a corporate seal does not affect the validity, recordability, or enforceability of a document or act. If a corporation has a corporate seal, the use of the seal by the corporation on a document is not necessary. §
Subd. 2.Required words; use.
If a corporation has a corporate seal, the seal may consist of a mechanical imprinting device, or a rubber stamp with a facsimile of the seal affixed on it, or a facsimile or reproduction of either. The seal may include a part or all of the name of the corporation and a combination, derivation, or abbreviation of either or both of the phrases “a Minnesota Nonprofit Corporation” and “Corporate Seal.” If a corporation has a corporate seal, it or a facsimile of it may be affixed, engraved, printed, placed, stamped with indelible ink, or in any other manner reproduced on any document.
History:
History: History:
1989 c 304 s 23