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Minn. Stat. § 317A.601

MERGER, CONSOLIDATION, OR TRANSFER.

Known as the Minnesota Nonprofit Corporation Act

The act spans §§ 317A.001 to 317A.909 (134 sections).

1989 c 304 s 84

Subdivision 1. Merger or consolidation.

Two or more corporations may merge or consolidate, resulting in a single corporation subject to this chapter. A merger or consolidation must be made as provided in sections 317A.611 to 317A.651 .

Subd. 2. Transfer.

A corporation may sell, lease, transfer, or dispose of all or substantially all of its property and assets under section 317A.661 .

Subd. 3. Notice to attorney general.

If applicable, a corporation shall comply with section 317A.811 before it may merge or consolidate or transfer all or substantially all of its assets.

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.