METHODS OF DISSOLUTION.
Known as the Minnesota Business Corporation Act
The act spans §§ 302–302 (139 sections).
Applied in 2 court decisions — leading case Lyman Lumber Co. v. Favorite Construction Co. (1994)
Most recently applied in Manty v. D56, Inc. (In Re Brose) (March 2006)
1981 c 270 s 98; 1991 c 49 s 21; 1995 c 128 art 3 s 3; 2008 c 233 art 1 s 15
A corporation may be dissolved:
(a) before the issuance of shares, pursuant to section 302A.711 ;
(b) after the issuance of shares, pursuant to sections 302A.721 to 302A.7291 ;
(c) by order of a court pursuant to sections 302A.741 to 302A.765 ; or
(d) by the secretary of state according to section 302A.821 .
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.