Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
322B.696 ADVANCES.
A limited liability company may, without a vote of the governors or its members, advance
money to its members who provide services, governors, managers, or employees to cover
expenses that can reasonably be anticipated to be incurred by them in the performance of their
duties and for which they would be entitled to reimbursement in the absence of an advance.
History: 1992 c 517 art 2 s 94; 1993 c 137 s 42
A limited liability company may, without a vote of the governors or its members, advance
money to its members who provide services, governors, managers, or employees to cover
expenses that can reasonably be anticipated to be incurred by them in the performance of their
duties and for which they would be entitled to reimbursement in the absence of an advance.
History: 1992 c 517 art 2 s 94; 1993 c 137 s 42
Official Publication of the State of Minnesota
Revisor of Statutes