2007 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 316 Corporations; Actions Respecting
Section 316.17 ENFORCEMENT OF STOCKHOLDERS' LIABILITY; HEARING; NOTICE OF.

316.17 ENFORCEMENT OF STOCKHOLDERS' LIABILITY; HEARING; NOTICE OF.
When it shall be made to appear by the petition of a receiver or assignee of a corporation,
or of any creditor thereof whose claim has been filed, that any constitutional, statutory, or other
liability of stockholders or directors, or both, exists, and that it is necessary to resort to the same,
the court shall appoint a time for hearing, not less than 30 nor more than 60 days thereafter, and
order such notice thereof to be served on each person against whom such liability is claimed in
the same manner a summons is served in a civil action, and said notice shall also be published as
the court shall order. Such notice shall specify, in a general way, the nature of the liability claimed
in the petition and the amount thereof against the person upon whom it is so served. When the
receiver is not the petitioner, personal notice shall be given to the receiver.
History: (8025) RL s 3184; 1925 c 273 s 1; 1986 c 444