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HF 3417

2nd Committee Engrossment - 85th Legislature (2007 - 2008) Posted on 12/22/2009 12:39pm

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

1.6    Section 1. [5.33] RETURNING COMBAT VETERANS.
1.7    If any Minnesota business or nonprofit corporation, limited liability company,
1.8cooperative, limited partnership, or limited liability partnership has been administratively
1.9or statutorily dissolved, revoked, or terminated for failure to file an annual or periodic
1.10report with the Office of the Secretary of State during a calendar year when an individual
1.11with substantial responsibility for the operation of the dissolved, revoked, or terminated
1.12business or nonprofit corporation, limited liability company, cooperative, limited
1.13partnership, or limited liability partnership was serving in active military service in the
1.14armed forces of the United States, including the reserves or National Guard, as defined in
1.15section 190.05, subdivision 5b or 5c, or was engaged in employment outside of the United
1.16States essential to the prosecution of a war or to the national defense, as designated by the
1.17United States Congress or the United States Department of Defense, the secretary of state
1.18shall waive any reinstatement fee otherwise required by law.

1.19    Sec. 2. EFFECTIVE DATE.
1.20Section 1 is effective the day following final enactment.