2025 Session
Last amended: 1989 session
§ 317A.467 — Equitable Remedies
Plain-Language Summary
Gives courts the power to order equitable remedies for certain nonprofit disputes.
317A.467 EQUITABLE REMEDIES.
If a corporation or an officer or director of the corporation violates this chapter, a court in this state, in an action brought by at least 50 members with voting rights or ten percent of the members with voting rights, whichever is less, or by the attorney general, may grant equitable relief it considers just and reasonable in the circumstances and award expenses, including attorney fees and disbursements, to the members.
History:
History: History:
1989 c 304 s 80
Practical Notes
A court can intervene to resolve governance disputes such as contested elections.