2007 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 302A Business Corporations
Section 302A.731 REVOCATION OF DISSOLUTION PROCEEDINGS.
302A.731 REVOCATION OF DISSOLUTION PROCEEDINGS.
Subdivision 1. Generally. Dissolution proceedings commenced pursuant to section
302A.721 may be revoked prior to filing of articles of dissolution.
Subd. 2. Notice to shareholders; approval. Written notice shall be given to every
shareholder entitled to vote at a shareholders' meeting within the time and in the manner provided
in section
302A.435 for notice of meetings of shareholders and shall state that a purpose of the
meeting is to consider the advisability of revoking the dissolution proceedings. The proposed
revocation shall be submitted to the shareholders at the meeting. If the proposed revocation 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 proceedings are revoked.
Subd. 3. Effective date; effect. Revocation of dissolution proceedings is effective when a
notice of revocation is filed with the secretary of state. The corporation may thereafter resume
business.
History: 1981 c 270 s 105; 1982 c 497 s 62
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