2004 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 300 General Provisions
Section 300.33 Corporate stock without nominal or par value; classes of; preferred stock.
300.33 Corporate stock without nominal or par value; classes of; preferred stock.
A corporation of this state, except banks, savings banks, trust companies, savings associations, and insurance companies, may create one or more classes of stock without nominal or par value, with any preferences, voting powers, restrictions, and qualifications consistent with law that are expressed in its certificate of incorporation or amendment to it. Stock without par value which is preferred as to dividends or as to its distributive share of the assets of the corporation upon dissolution may be made subject to redemption at the times and prices determined in the certificate of incorporation or amendment to it. In the case of stock without par value which is preferred as to its distributive share of the assets of the corporation upon dissolution, the amount of the preference must be stated in the certificate of incorporation or amendment to it.
HIST: (7470-1) 1925 c 333 s 1; 1984 c 628 art 5 s 1; 1995 c 202 art 1 s 25
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