2007 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 302A Business Corporations
Section 302A.721 VOLUNTARY DISSOLUTION BY SHAREHOLDERS.
302A.721 VOLUNTARY DISSOLUTION BY SHAREHOLDERS.
Subdivision 1. Manner. A corporation may be dissolved by the shareholders when
authorized in the manner set forth in this section.
Subd. 2. Notice; approval. (a) Written notice shall be given to each shareholder, whether or
not entitled to vote at a meeting of shareholders, within the time and in the manner provided in
section
302A.435 for notice of meetings of shareholders and, whether the meeting is a regular or a
special meeting, shall state that a purpose of the meeting is to consider dissolving the corporation.
(b) The proposed dissolution shall be submitted for approval at a meeting of shareholders.
If the proposed dissolution is approved at a meeting by the affirmative vote of the holders of a
majority of the voting power of all shares entitled to vote, the dissolution shall be commenced.
History: 1981 c 270 s 100; 1982 c 497 s 58
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