Minnesota § 469.42 - OFFICERS; DUTIES; ORGANIZATIONAL MATTERS
Full text of Minnesota Minnesota Statutes § 469.42 — OFFICERS; DUTIES; ORGANIZATIONAL MATTERS, with citation guidance and answers to common questions.
§ 469.42. OFFICERS; DUTIES; ORGANIZATIONAL MATTERS
Subdivision 1.Bylaws, rules, seal.
The corporation may adopt bylaws and rules of procedure and may adopt an official seal.
Subd. 2.Officers.
The corporation must annually elect a treasurer. The chair must appoint a secretary and assistant treasurer. The secretary and assistant treasurer need not, but may, be members of the board.
Subd. 3.Duties and powers.
The officers have the usual duties and powers of their offices. They may be given other duties and powers by the corporation. The corporation must establish and maintain a website.
Subd. 4.Treasurer's duties.
The treasurer:
(1) must receive and is responsible for corporation money;
(2) is responsible for the acts of the assistant treasurer;
(3) must disburse corporation money by check or electronic procedures;
(4) must keep an account of the source of all receipts, and of the nature, purpose, and authority of all disbursements; and
(5) must file the corporation's detailed financial statement with its secretary at least once a year at times set by the authority.
Subd. 5.Secretary.
The secretary must perform duties as required by the board.
Subd. 6.Assistant treasurer.
The assistant treasurer has the powers and duties of the treasurer if the treasurer is absent or disabled.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 469.42
What does Minnesota Statutes § 469.42 cover?
Section 469.42 ("OFFICERS; DUTIES; ORGANIZATIONAL MATTERS") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 469.42?
A common citation format is "Minnesota Statutes § 469.42" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 469.42 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.