If a corporation or an officer or director of the corporation violates a provision of this chapter, a court in this state may, in an action brought by a shareholder of the corporation, grant any equitable relief it deems just and reasonable in the circumstances and award expenses, including attorneys' fees and disbursements, to the shareholder.
Minn. Stat. § 302A.467
EQUITABLE REMEDIES.
Known as the Minnesota Business Corporation Act
The act spans §§ 302–302 (139 sections).
Applied in 14 court decisions — leading case Foy v. Klapmeier (1993)
Most recently applied in Blum v. Thompson (August 2017)
1981 c 270 s 79; 1982 c 497 s 50
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.