Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Section 302A.001 — Citation. - This chapter may be cited as the "Minnesota Business Corporation...
Section 302A.011 — Definitions. - Subdivision 1. Scope. For the purposes of this chapter, unless...
Section 302A.015 — Legal Recognition Of Electronic Records And Signatures. - Subdivision 1. Definitions. (a) For purposes of this section, the...
Section 302A.021 — Application And Election. - Subdivision 1. Election by chapter 300 corporations. A corporation incorporated...
Section 302A.031 — Transition. - Subdivision 1. Continuation of legal acts. The continuation or completion...
Section 302A.041 — Reservation Of Right. - The state reserves the right to amend or repeal the...
Section 302A.101 — Purposes. - A corporation may be incorporated under this chapter for any...
Section 302A.105 — Incorporators. - One or more natural persons of at least 18 years...
Section 302A.111 — Articles. - Subdivision 1. Required provisions. The articles of incorporation shall contain:...
Section 302A.115 — Corporate Name. - Subdivision 1. Requirements; prohibitions. The corporate name: (a) Shall be...
Section 302A.117 — Reserved Name. - Subdivision 1. Who may reserve. The exclusive right to the...
Section 302A.121 — Registered Office; Registered Agent. - 302A.121 MS 2008 [Subds 1 and 2 repealed by amendment,...
Section 302A.123 — Change Of Registered Office Or Registered Agent; Change Of Name Of Registered Agent. - 302A.123 MS 2008 [Subds 1 to 3 repealed by amendment,...
Section 302A.131 — Amendment Of Articles. - The articles of a corporation may be amended at any...
Section 302A.133 — Procedure For Amendment When No Shares Are Outstanding. - Before the issuance of shares by a corporation, the articles...
Section 302A.135 — Procedure For Amendment After Issuance Of Shares. - Subdivision 1. Manner of amendment. Except as otherwise set forth...
Section 302A.137 — Class Or Series Voting On Amendments. - Subdivision 1. Amendments creating rights. Except as provided in subdivision...
Section 302A.139 — Articles Of Amendment. - When an amendment has been adopted, articles of amendment shall...
Section 302A.141 — Effect Of Amendment. - Subdivision 1. Effect on cause of action. An amendment does...
Section 302A.151 — Filing Articles. - Unless filed with the commissioner of commerce, pursuant to other...
Section 302A.153 — Effective Date Of Articles. - Articles of incorporation are effective and corporate existence begins when...
Section 302A.155 — Presumption; Certificate Of Incorporation. - When the articles of incorporation have been filed with the...
Section 302A.161 — Powers. - Subdivision 1. Generally; limitations. A corporation has the powers set...
Section 302A.163 — Corporate Seal. - Subdivision 1. Seal not required. A corporation may, but need...
Section 302A.165 — Effect Of Lack Of Power; Ultra Vires. - The doing, continuing, or performing by a corporation of an...
Section 302A.171 — Organization. - Subdivision 1. Role of incorporators. If the first board is...
Section 302A.181 — Bylaws. - Subdivision 1. Generally. A corporation may, but need not, have...
Section 302A.191 — Forum Selection Provisions. - Subdivision 1. Authorization. The articles or bylaws may require, consistent...
Section 302A.201 — Board. - Subdivision 1. Board to manage. The business and affairs of...
Section 302A.203 — Number. - The board shall consist of one or more directors. The...
Section 302A.205 — Qualifications; Election. - Directors shall be natural persons. The method of election and...
Section 302A.207 — Terms. - Unless fixed terms are provided for in the articles or...
Section 302A.209 — Acts Not Void Or Voidable. - The expiration of a director's term with or without the...
Section 302A.211 — Compensation. - Subject to any limitations in the articles or bylaws, the...
Section 302A.213 — Classification Of Directors. - Directors may be divided into classes as provided in the...
Section 302A.215 — Voting For Directors; Cumulative Voting. - Subdivision 1. Required vote. Unless otherwise provided in the articles,...
Section 302A.221 — Resignation. - A director may resign at any time by giving written...
Section 302A.223 — Removal Of Directors. - Subdivision 1. Modification. The provisions of this section apply unless...
Section 302A.225 — Vacancies. - Unless different rules for filling vacancies are provided for in...
Section 302A.231 — Board Meetings. - Subdivision 1. Time; place. Meetings of the board may be...
Section 302A.233 — Absent Directors. - If the articles or bylaws so provide, a director may...
Section 302A.235 — Quorum. - A majority, or a larger or smaller proportion or number...
Section 302A.237 — Act Of The Board. - Subdivision 1. Majority required. The board shall take action by...
Section 302A.239 — Action Without Meeting. - Subdivision 1. Method. An action required or permitted to be...
Section 302A.241 — Committees. - Subdivision 1. Generally. A resolution approved by the affirmative vote...
Section 302A.251 — Standard Of Conduct. - Subdivision 1. Standard; liability. A director shall discharge the duties...
Section 302A.255 — Director Conflicts Of Interest. - Subdivision 1. Conflict; procedure when conflict arises. A contract or...
Section 302A.301 — Officers Required. - A corporation shall have one or more natural persons exercising...
Section 302A.305 — Duties Of Required Officers. - Subdivision 1. Presumption; modification. Unless the articles, the bylaws, or...
Section 302A.311 — Other Officers. - The board may elect or appoint, in a manner set...
Section 302A.315 — Multiple Offices. - Any number of offices or functions of those offices may...
Section 302A.321 — Officers Deemed Elected. - In the absence of an election or appointment of officers...
Section 302A.331 — Contract Rights. - The election or appointment of a person as an officer...
Section 302A.341 — Resignation; Removal; Vacancies. - Subdivision 1. Resignation. An officer may resign at any time...
Section 302A.351 — Delegation. - Unless prohibited by the articles or bylaws or by a...
Section 302A.361 — Standard Of Conduct. - An officer shall discharge the duties of an office in...
Section 302A.401 — Authorized Shares. - Subdivision 1. Board may authorize. (a) Subject to any restrictions...
Section 302A.402 — Share Dividends, Divisions, And Combinations. - Subdivision 1. Power to effect. A corporation may effect a...
Section 302A.403 — Subscriptions For Shares. - Subdivision 1. Signed writing. A subscription for shares, whether made...
Section 302A.405 — Consideration For Shares; Value And Payment; Liability. - Subdivision 1. Consideration; procedure. Subject to any restrictions in the...
Section 302A.409 — Rights To Purchase. - Subdivision 1. Definition. "Right to purchase" means the right, however...
Section 302A.413 — Preemptive Rights. - Subdivision 1. Presumption; modification. Unless denied or limited in the...
Section 302A.417 — Share Certificates; Issuance And Contents; Uncertificated Shares. - Subdivision 1. Certificated; uncertificated. The shares of a corporation shall...
Section 302A.419 — Lost Share Certificates; Replacement. - Subdivision 1. Issuance. A new share certificate may be issued...
Section 302A.423 — Fractional Shares. - Subdivision 1. Issuance; alternative exchange. A corporation may issue fractions...
Section 302A.425 — Liability Of Subscribers And Shareholders With Respect To Shares. - A subscriber for shares or a shareholder of a corporation...
Section 302A.429 — Restriction On Transfer Or Registration Of Securities. - Subdivision 1. How imposed. A restriction on the transfer or...
Section 302A.431 — Regular Meetings Of Shareholders. - Subdivision 1. Frequency. Regular meetings of shareholders may be held...
Section 302A.433 — Special Meetings Of Shareholders. - Subdivision 1. Who may call. Special meetings of the shareholders...
Section 302A.435 — Notice. - Subdivision 1. To whom given. Except as otherwise provided in...
Section 302A.436 — Remote Communications For Shareholder Meetings. - Subdivision 1. MS 2000 [Renumbered subd 2] Subdivision 1. Construction...
Section 302A.437 — Act Of The Shareholders. - Subdivision 1. Majority required. Except for the election of directors,...
Section 302A.439 — Contractual Requirement To Submit Matter To Shareholders. - A corporation may agree to submit a matter to its...
Section 302A.441 — Action Without A Meeting. - Subdivision 1. Method. An action required or permitted to be...
Section 302A.443 — Quorum. - The holders of a majority of the voting power of...
Section 302A.445 — Voting Rights. - Subdivision 1. Determination. The board may fix, or authorize an...
Section 302A.447 — Voting Of Shares By Organizations And Legal Representatives. - Subdivision 1. Shares held by other corporation. Shares of a...
Section 302A.449 — Proxies. - Subdivision 1. Authorization. (a) A shareholder may cast or authorize...
Section 302A.453 — Voting Trusts. - Subdivision 1. Authorization; period; termination. Shares in a corporation may...
Section 302A.455 — Shareholder Voting Agreements. - A written agreement among persons who are then shareholders or...
Section 302A.457 — Shareholder Control Agreements. - Subdivision 1. Authorized. A written agreement among the shareholders of...
Section 302A.461 — Books And Records; Inspection. - Subdivision 1. Share register; dates of issuance. (a) A corporation...
Section 302A.463 — Financial Statements. - (a) A corporation shall prepare annual financial statements within 180...
Section 302A.467 — Equitable Remedies. - If a corporation or an officer or director of the...
Section 302A.471 — Rights Of Dissenting Shareholders. - Subdivision 1. Actions creating rights. A shareholder of a corporation...
Section 302A.473 — Procedures For Asserting Dissenters' Rights. - Subdivision 1. Definitions. (a) For purposes of this section, the...
Section 302A.501 — Loans; Guarantees; Suretyship. - Subdivision 1. Prerequisites. A corporation may lend money to, guarantee...
Section 302A.505 — Advances. - A corporation may, without a vote of the directors, advance...
Section 302A.521 — Indemnification. - Subdivision 1. Definitions. (a) For purposes of this section, the...
Section 302A.551 — Distributions. - Subdivision 1. When permitted. (a) The board may authorize and...
Section 302A.553 — Power To Acquire Shares. - Subdivision 1. When permitted; status of shares. (a) A corporation...
Section 302A.557 — Liability Of Shareholders For Illegal Distributions. - Subdivision 1. Liability. A shareholder who receives a distribution made...
Section 302A.559 — Liability Of Directors For Illegal Distributions. - Subdivision 1. Liability. In addition to any other liabilities, a...
Section 302A.601 — Merger, Exchange, Transfer. - Subdivision 1. Merger. A corporation may merge with one or...
Section 302A.611 — Plan Of Merger Or Exchange. - Subdivision 1. Contents of plan. A plan of merger or...
Section 302A.613 — Plan Approval. - Subdivision 1. Board approval; notice to shareholders. The plan of...
Section 302A.615 — Articles Of Merger Or Exchange; Certificate. - Subdivision 1. Contents of articles. Upon receiving the approval required...
Section 302A.621 — Merger Of Subsidiary. - Subdivision 1. When authorized; contents of plan. If either the...
Section 302A.626 — Merger To Effect A Holding Company Reorganization. - Subdivision 1. Definitions. (a) For purposes of this section, the...
Section 302A.631 — Abandonment. - Subdivision 1. By shareholders or plan. After a plan of...
Section 302A.641 — Effective Date Or Time Of Merger Or Exchange; Effect. - Subdivision 1. Effective date or time. A merger or exchange...
Section 302A.651 — Merger Or Exchange With Foreign Corporation Or Limited Liability Company. - Subdivision 1. When permitted. A domestic corporation may merge with,...
Section 302A.661 — Transfer Of Assets; When Permitted. - Subdivision 1. Shareholder approval; when not required. A corporation may,...
Section 302A.671 — Control Share Acquisitions. - Subdivision 1. Application. (a) Unless otherwise expressly provided in the...
Section 302A.673 — Business Combinations. - Subdivision 1. Business combination with interested shareholder; approval by directors....
Section 302A.675 — Takeover Offer; Fair Price. - Subdivision 1. Fair price requirement. An offeror may not acquire...
Section 302A.682 — Conversion. - Subdivision 1. Conversion requirements. Pursuant to this section, sections 302A.684...
Section 302A.684 — Action On Plan Of Conversion By Converting Corporation. - Subdivision 1. Approval of plan of conversion. Subject to section...
Section 302A.686 — Filings Required For Conversion; Effective Date And Time. - Subdivision 1. Articles of conversion. After a plan of conversion...
Section 302A.691 — Effect Of Conversion. - Subdivision 1. Same entity. An organization that has been converted...
Section 302A.692 — Restrictions On Approval Of Conversions. - Subdivision 1. Personal liability of shareholder. If a shareholder of...
Section 302A.701 — Methods Of Dissolution. - A corporation may be dissolved: (a) before the issuance of...
Section 302A.711 — Voluntary Dissolution Before Issuance Of Shares. - Subdivision 1. Manner. A corporation that has not issued shares...
Section 302A.721 — Voluntary Dissolution After Issuance Of Shares. - Subdivision 1. Manner. After the issuance of shares, a corporation...
Section 302A.723 — Filing Notice Of Intent To Dissolve; Effect. - Subdivision 1. Contents. If dissolution of the corporation is approved...
Section 302A.725 — Procedure In Dissolution. - Subdivision 1. Collection; payment. When a notice of intent to...
Section 302A.727 — Dissolution Procedure For Corporations That Give Notice To Creditors And Claimants. - Subdivision 1. When permitted; how given. When a notice of...
Section 302A.7291 — Dissolution Procedure For Corporations That Do Not Give Notice. - Subdivision 1. Articles of dissolution; when filed. Articles of dissolution...
Section 302A.731 — Revocation Of Dissolution Proceedings. - Subdivision 1. Generally. Dissolution proceedings commenced pursuant to section 302A.721...
Section 302A.734 — Effective Date Of Dissolution; Certificate. - Subdivision 1. Effective date. When the articles of dissolution have...
Section 302A.741 — Supervised Voluntary Dissolution. - After the notice of intent to dissolve has been filed...
Section 302A.751 — Judicial Intervention; Equitable Remedies Or Dissolution. - Subdivision 1. When permitted. A court may grant any equitable...
Section 302A.753 — Procedure In Involuntary Or Supervised Voluntary Dissolution. - Subdivision 1. Action before hearing. In dissolution proceedings the court...
Section 302A.755 — Qualifications Of Receivers; Powers. - Subdivision 1. Qualifications. Any person qualified under section 576.26 may...
Section 302A.757 — Action By Attorney General. - Subdivision 1. When permitted. A corporation may be dissolved involuntarily...
Section 302A.759 — Filing Claims In Proceedings To Dissolve. - Subdivision 1. Manner and form. In proceedings referred to in...
Section 302A.761 — Discontinuance Of Dissolution Proceedings. - The involuntary or supervised voluntary dissolution of a corporation shall...
Section 302A.763 — Decree Of Dissolution. - Subdivision 1. When entered. In an involuntary or supervised voluntary...
Section 302A.765 — Filing Decree. - After the court enters a decree dissolving a corporation, the...
Section 302A.771 — Deposit With Commissioner Of Management And Budget Of Amount Due Certain Shareholders. - Upon dissolution of a corporation, the portion of the assets...
Section 302A.781 — Claims Barred; Exceptions. - Subdivision 1. Claims barred. Except as provided in this section,...
Section 302A.783 — Right To Sue Or Defend After Dissolution. - After a corporation has been dissolved, any of its former...
Section 302A.791 — Omitted Assets. - Title to assets remaining after payment of all debts, obligations,...
Section 302A.821 — Minnesota Corporate Renewal. - Subdivision 1. MS 1998 [Renumbered subd 2] Subdivision 1. Annual...
Section 302A.901 — Service Of Process On Corporation. - Subdivision 1. Who may be served. A process, notice, or...
Section 302A.917 — State Interested; Proceedings. - If it appears at any stage of a proceeding in...
Section 302A.92 — Selection Of Trustees Or Directors By A Corporation Created By Special Act. - Subdivision 1. Resolution changing the method of selection. A corporation...