There is a newer version of the Minnesota Statutes
2004 Minnesota Code
Chapters 116R - 116U Business Development
Chapter 116T Northern Technology Initiative, Inc.
Section 116T.06 Dissolution.
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
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