1.1 	A bill for an act
1.2 	relating to business organizations; waiver of reinstatement fee after certain 
1.3 	dissolution of an entity when a principal of the entity is a returning military 
1.4 	veteran;proposing coding for new law in Minnesota Statutes, chapter 5.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. [5.33] RETURNING MILITARY VETERANS; WAIVER OF 
1.7 	REINSTATEMENT FEE.
1.8 	The secretary of state may waive a reinstatement fee required by law when a 
1.9 	Minnesota business or nonprofit corporation, limited liability company, cooperative, 
1.10 	limited partnership, or limited liability partnership has been administratively or statutorily 
1.11 	dissolved, revoked, or terminated for failure to file an annual or periodic report with the 
1.12 	secretary of state during a calendar year when an individual with substantial responsibility 
1.13 	for the operation of that entity was: 
1.14 	(1) in the armed forces of the United States, including the reserves or National 
1.15 	Guard; or 
1.16 	(2) engaged in employment outside of the United States, which is designated by 
1.17 	the United States Department of Defense as essential to the prosecution of a war or 
1.18 	to the national defense.

1.19 	Sec. 2. EFFECTIVE DATE.
 1.20 	Section 1 is effective retroactively from January 1, 2007.