116T.06 — Dissolution.

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     116T.06 Dissolution. 


    In the event of dissolution of the corporation for any 
 reason, the bylaws must provide for return of the proceeds of 
 that liquidation and any wholly owned assets of the corporation 
 to the entities participating in Northern Technology Initiative, 
 Inc. in exchange for the assumption of all outstanding 
 obligations of the corporation. 


    HIST: 1Sp2001 c 10 art 2 s 58 


Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.