# Minn. Stat. § 85B.05: ACCOUNTS; AUDITS

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.05

## Section

- **Citation:** Minn. Stat. § 85B.05
- **Heading:** ACCOUNTS; AUDITS
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 85_87A / Chapter 85B / Section 85B.05

## Text

The corporation may establish funds and accounts that it finds convenient. The board shall provide for and pay the cost of an independent annual audit of its official books and records by the state auditor. A copy of this audit shall be filed with the secretary of state.

## Nearby sections

- [Minn. Stat. § 85B.01 § 85B.01 PURPOSE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.01.md)
- [Minn. Stat. § 85B.02 § 85B.02 ORGANIZATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.02.md)
- [Minn. Stat. § 85B.03 § 85B.03 POWERS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.03.md)
- [Minn. Stat. § 85B.04 § 85B.04 EMPLOYEES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.04.md)
- [Minn. Stat. § 85B.05 § 85B.05 ACCOUNTS; AUDITS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.05.md)
- [Minn. Stat. § 85B.06 § 85B.06 ANNUAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.06.md)
- [Minn. Stat. § 85B.07 § 85B.07 PROPERTY TAX EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.07.md)
- [Minn. Stat. § 85B.08 § 85B.08 DISSOLUTION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.08.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.05. Check the current official text before relying on it. Not legal advice.