QUALIFICATIONS OF RECEIVERS; POWERS.
Known as the Minnesota Business Corporation Act
The act spans §§ 302A.001 to 302A.92 (139 sections).
Applied in 1 court decision — leading case In Re Telesports Productions, Inc. (1991)
Most recently applied in In Re Telesports Productions, Inc. (November 1991)
1981 c 270 s 110; 2012 c 143 art 3 s 3
Subdivision 1. Qualifications.
Any person qualified under section 576.26 may be appointed as receiver. A receiver shall give bond as required by section 576.27 .
Subd. 2. Powers.
A receiver may sue and defend all actions as receiver of the corporation. The court appointing the receiver has exclusive jurisdiction over the corporation, the receiver, and all receivership property pursuant to section 576.23 .
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.