HF 3417

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to business organizations; waiver of reinstatement fee after certain
dissolution of an entity when a principal of the entity is a returning combat
veteran; proposing coding for new law in Minnesota Statutes, chapter 5.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [5.33] RETURNING COMBAT VETERANS.
new text end

new text begin If any Minnesota business entity has been administratively or statutorily dissolved
for failure to file an annual or periodic report with the office of the secretary of state
during a calendar year when a principal of the entity was in the armed forces of the United
States, including the reserves or national guard, or was engaged in employment outside
of the United States essential to the prosecution of a war or to the national defense, as
designated by the United States Department of Defense, the secretary of state may waive
any reinstatement fee otherwise required by law.
new text end

Sec. 2. new text begin EFFECTIVE DATE.
new text end

new text begin Section 1 is effective retroactively from January 1, 2007.
new text end