2005 Minnesota Statutes - 47.16 — Certification by commissioner.

     47.16 Certification by commissioner. 


    Subdivision 1.    Filing.  The certificate of a 
 corporation must be filed for record with the secretary of 
 state.  If the secretary of state finds that it conforms to law 
 and that the required fee has been paid, the secretary of state 
 must record it and certify that fact on it.  The secretary of 
 state may not accept a certificate for filing unless the 
 certificate also contains the endorsement of the commissioner of 
 commerce.  


    Subd. 2. Repealed, 1982 c 473 s 30 


    Subd. 2.    Certificate of authority.  If the 
 commissioner of commerce is satisfied that the corporation has 
 been organized for legitimate purposes, and under such 
 conditions as to merit and have public confidence, and that all 
 provisions of law applicable to every branch of business in 
 which, by the terms of its certificate, it is authorized to 
 engage, have been complied with, the commissioner shall so 
 certify.  When the original certificate and the certificate of 
 incorporation from the secretary of state is filed with the 
 commissioner of commerce, the commissioner shall, within 60 days 
 thereafter, execute and deliver to it a certificate of authority.


    HIST: (7646) RL s 2974; 1955 c 820 s 11; 1980 c 541 s 1; 1983 
 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1986 c 444; 1989 c 
 166 s 4; 2005 c 69 art 1 s 4 


*   NOTE:  The amendment to this section by Laws 2005, chapter 
*69, article 1, section 4, is effective August 1, 2006.  Laws 
*2005, chapter 69, article 4, section 2.