2006 Minnesota Code
Chapters 116R - 116U Business Development
Chapter 116S Minnesota Business Finance, Inc.
Section 116S.10 SUCCESSOR STATUS.
116S.10 SUCCESSOR STATUS.
(a) Minnesota Business Finance, Inc. is the legal successor in all respects of Opportunities
Minnesota Incorporated established under section
116J.985, and all assets and liabilities are
transferred to it. The board of directors shall promptly upon appointment amend the relevant
documents and file them with the secretary of state.
(b) The balance of the funds in the special revenue fund account currently allocated to
Opportunities Minnesota Incorporated are transferred to the Minnesota business finance account
for the purposes of sections
13.598, subdivision 3, and
116S.01 to
116S.09.
History: 1993 c 177 s 11; 1999 c 227 s 22
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