2004 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 300 General Provisions
Section 300.59 Continuance to close affairs; exceptions.
300.59 Continuance to close affairs; exceptions.
Except for a corporation subject to the Minnesota Nonprofit Corporation Act, a corporation whose existence terminates by limitation, forfeiture, or otherwise continues for three years after the termination date for the sole purpose of prosecuting and defending actions, closing its affairs, disposing of its property, and dividing its capital.
HIST: (7485) RL s 2883; 1951 c 550 s 76; 1953 c 650 s 25; 1984 c 628 art 5 s 1
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