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Minn. Stat. § 302A.601

MERGER, EXCHANGE, TRANSFER.

Known as the Minnesota Business Corporation Act

The act spans §§ 302–302 (139 sections).

Applied in 1 court decision — leading case Sifferle v. Micom Corp. (1986)

Most recently applied in Sifferle v. Micom Corp. (April 1986)

1981 c 270 s 89; 1987 c 203 s 4; 1992 c 517 art 1 s 16; 1997 c 10 art 3 s 6; 2006 c 250 art 1 s 31,32

Subdivision 1. Merger.

A corporation may merge with one or more domestic or foreign corporations, resulting in a single domestic or foreign corporation, with or without a business purpose, pursuant to a plan of merger approved in the manner provided in sections 302A.611 to 302A.651 .

Subd. 2. Exchange.

A corporation may acquire all of the outstanding shares of one or more classes or series of another domestic or foreign corporation pursuant to a plan of exchange approved in the manner provided in sections 302A.611 to 302A.615 , and 302A.631 to 302A.651 .

Subd. 3. Transfer.

A corporation may sell, lease, transfer, or otherwise dispose of all or substantially all of its property and assets in the manner provided in section 302A.661 .

Subd. 4. Merger or exchange with limited liability company.

A corporation may participate in a merger or exchange with a limited liability company. The dissenters' rights for shareholders of a corporation are governed by this chapter.

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.