Just Ask Avisen - Episode One: Buildings & Bylaws

When does a Minnesota nonprofit need to notify the Attorney General before selling a building or other substantial asset? In this installment of Avisen Legal’s Buildings & Bylaws educational series, attorney Kim Lowe explains how Minnesota nonprofits and churches can determine whether a proposed real estate or asset sale may trigger Attorney General notice requirements. Kim walks through the key questions organizations should consider, including whether Minnesota Statutes Chapter 317A applies, who is purchasing the property, how to determine whether a transaction involves “all or substantially all” of an organization’s assets, and why fair market value and the organization’s ability to continue its charitable mission both matter. Learn more about nonprofit and church real estate, governance, and related legal considerations in Avisen Legal’s Buildings & Bylaws resource library. Topics covered: • Minnesota nonprofit real estate sales • Attorney General notice requirements • Chapter 317A • Sale of all or substantially all assets • Fair market value vs. book value • Mission and programmatic considerations • Nonprofit corporate approval requirements The presenter in this video is an AI-generated avatar of Kim Lowe. This content is for general informational purposes only and does not constitute legal advice or create an attorney-client relationship.