2005 Minnesota Statutes - 317A.805 — Effect of extension.

     317A.805 Effect of extension. 


    Filing with the secretary of state of articles of amendment 
 extending the period of duration of a corporation:  


    (1) relates back to the date of expiration of the original 
 period of duration of the corporation as provided in the 
 articles; 


    (2) validates contracts or other acts within the authority 
 of the articles, and the corporation is liable for those 
 contracts or acts; and 


    (3) restores to the corporation the assets and rights of 
 the corporation to the extent they were held by the corporation 
 before expiration of its original period of duration, except 
 those sold or otherwise distributed after that time.  


    HIST: 1989 c 304 s 117