Mn Statute Illegal Gambling
Under Minnesota law, unless specifically permitted by law, all forms of state-regulated gambling are illegal. However, pari-mutuel wagering, charitable gambling like raffles, pull tabs, and bingo, the state lottery, and private social gambling are legal under MN gambling laws. Charitable Gambling. Charitable Gambling in Minnesota A 20-page information brief on the legislative history, rules and regulations, and the outlook for charitable gambling. Indian Gambling in Minnesota A brief explanation of federal law, state authority, classes of gambling, tribal-state compacts, and taxation of.
Mn Statute Illegal Gambling
Under Minnesota law, unless specifically permitted by law, all forms of state-regulated gambling are illegal. However, pari-mutuel wagering, charitable gambling like raffles, pull tabs, and bingo, the state lottery, and private social gambling are legal under MN gambling laws. Charitable Gambling. Charitable Gambling in Minnesota A 20-page information brief on the legislative history, rules and regulations, and the outlook for charitable gambling. Indian Gambling in Minnesota A brief explanation of federal law, state authority, classes of gambling, tribal-state compacts, and taxation of.
Charities and charitable trusts that incorporate in Minnesota do so under the Minnesota Nonprofit Corporation Act, Minn. Stat. ch. 317A, or, less commonly, as a nonprofit limited liability company.(73) A summary of the Nonprofit Corporation Act is beyond the scope of this guide, but Minnesota nonprofits should be aware of certain key statutes in the Act, including the following:
- The length of time a director may serve on a nonprofit's board may not exceed ten years without the person being elected or appointed to a new term. There is no limit on how many terms a director may serve on a board.(74)
- Nonprofit board members have various fiduciary duties imposed on them as a director of the nonprofit, including the duties of care, loyalty, obedience, and to act in the best interests of the organization, among others.(75)
- Nonprofit officers, or those exercising the functions of officers, likewise have various fiduciary duties imposed on them.(76)
- A nonprofit must satisfy certain criteria in order to properly transact business with a related party.(77)
- A nonprofit may not lend money to a director, officer, or employee of the organization (or a related organization) unless the board of directors reasonably expects the loan to benefit the nonprofit, as opposed to the recipient of the loan.(78)
- A nonprofit is required to maintain complete and accurate books and records regarding its operations and affairs, including its articles and bylaws, accounting records, voting agreements, and meeting minutes.(79)
Minnesota nonprofits should review the entirety of chapter 317A and consult with a private attorney to ensure their compliance with these laws. This Office has also prepared a brochure entitled 'Guide for Board Members: Fiduciary Duties of Directors of Charitable Organizations.' It discusses in more detail the roles and responsibilities of board members.
Mn Statute Gambling Assessment
The requirements imposed on nonprofits by statutes administered by the Minnesota Secretary of State and the Minnesota Gambling Control Board (for nonprofits that engage in charitable gambling) are not discussed in this guide. For more information on these matters, please contact the Minnesota Secretary of State, Retirement Systems of Minnesota Building, 60 Empire Drive, Suite 100, St. Paul, MN 55103, or at (651) 296-2803 or (877) 551-6767. For information regarding charitable gambling, please contact the Minnesota Gambling Control Board, 1711 West County Road B, Suite 300 South, Roseville, MN 55113, or at (651) 539-1900.
