Minnesota Administrative Rules
Agency 175 - Transportation Department
Chapter 8800 - AERONAUTICS
FLYING CLUBS
Part 8800.4400 - FLYING CLUB RECORDS
Universal Citation: MN Rules 8800.4400
Current through Register Vol. 48, No. 39, March 25, 2024
Subpart 1. Appointment.
Every flying club must appoint a club safety and operations officer and set forth the officer's duties in their operating rules or bylaws.
Subp. 2. Records.
Every flying club shall keep records of the club's operation. These records must be up to date, be in an orderly form, and contain the following information:
A. names and
addresses of all current members;
B. if the flying club is a corporation, then
the articles of incorporation and all amendments to it, the current bylaws, the
minutes of the corporation, and all shareholder agreements; or, if the flying
club is a partnership, then the current articles of partnership and all current
partnership agreements;
C. all club
operating rules;
D. the share in
club assets held by each member, stated by percentage or dollars;
E. the voting rights of each member, stated
by percentage or number of votes;
F. the rights of each member to the assets of
the club, stated by percentage or dollars, in case of dissolution of the club
if a corporation, and in case of termination of the club, if a
partnership;
G. a statement of
financial condition of the flying club at the end of its preceding fiscal year,
or at the end of its preceding calendar year, as the case may be, showing the
assets and liabilities of the club; and
H. an operating statement of the club for the
preceding fiscal year, or the preceding calendar year, as the case may be,
showing the profits or losses, or a statement of receipts and disbursements, of
the club, as the case may be, for that period of time.
Statutory Authority: MS s 360.015; 360.018; 360.03; 360.90
Disclaimer: These regulations may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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