Subdivision 1. Certificate of authority, when not issued. No certificate of authority shall be issued to a foreign corporation if the name of that foreign corporation would be prohibited to a corporation under the provisions of chapter 302A. The name of that corporation may contain the word "cooperative" if it is a cooperative corporation generally similar to the kind which may be organized under the laws of this state. If that corporation is a corporation obtaining a certificate of authority pursuant to the provisions of section 303.04, the name of that corporation may contain the words "bank," "trust," "building and loan," or "savings" and such corporation shall not be required to add the word "incorporated" or the abbreviation "Inc." to its corporate name. A foreign corporation may use an alternate name to transact business in this state if its board of directors adopts a resolution adopting the alternate name. The alternate name must meet the requirements of section 302A.115, and need not be filed under sections 333.001 to 333.06.
Subd. 2. Application. Nothing in this section shall abrogate or limit the law as to unfair competition or unfair practices nor derogate from the common law, the principles of equity, the statutes of this state or of the United States with respect to the right to acquire and protect trade names.
Subd. 3. Injunction. If a foreign corporation does business in this state under a name prohibited by this section, the courts of this state having equity jurisdiction may, upon the application of the state or of any person, unincorporated association, or corporation interested or affected, enjoin such foreign corporation from doing business in this state under such name, whether or not a certificate of authority shall have been issued to such foreign corporation.
Subd. 4. [Repealed, 2008 c 203 s 14]
(7495-4) 1935 c 200 s 4; 1951 c 550 s 77; 1965 c 97 s 1; 1981 c 270 s 129; 1982 c 496 s 3; 1989 c 292 s 7; 2010 c 250 art 2 s 10
Structure Minnesota Statutes
Chapters 300 - 323A — Business, Social, And Charitable Organizations
Chapter 303 — Foreign Corporations
Section 303.03 — Foreign Corporations Must Have Certificate Of Authority.
Section 303.04 — Engaging In Banking; Limitation.
Section 303.05 — Names Of Corporations.
Section 303.06 — Application For Certificate Of Authority.
Section 303.07 — License Fees.
Section 303.08 — Issuance Of Certificate Of Authority.
Section 303.09 — Powers Same As Domestic Corporation.
Section 303.10 — Office And Agent.
Section 303.11 — Notice Of Name Changes, Where Filed.
Section 303.115 — Foreign Professional Firm Filings.
Section 303.13 — Service Of Process.
Section 303.14 — Annual Renewal.
Section 303.16 — Withdrawal From State.
Section 303.17 — License Revocation.
Section 303.18 — Cancellation Of Certificate Of Authority.
Section 303.19 — Reinstatement.
Section 303.20 — Foreign Corporation May Not Maintain Action Unless Licensed.
Section 303.22 — Applicable To Present Corporations.
Section 303.23 — Certificate Issued By Secretary Of State.