2004 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 300 General Provisions
Section 300.58 Dissolution of corporations; exceptions.
300.58 Dissolution of corporations; exceptions.
A corporation may cause appropriate action to be taken to dissolve the corporation when it determines that it is for the best interests of all concerned that it be dissolved. This determination must be made by the affirmative vote of a majority of each class of its stock entitled to vote, or of its members, if it is without capital stock. This section does not apply to banks of discount or deposit, savings banks, or nonprofit corporations subject to the Minnesota Nonprofit Corporation Act.
HIST: (7484) RL s 2882; 1951 c 550 s 75; 1953 c 650 s 24; 1984 c 628 art 5 s 1
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