1999 Minnesota Statutes

     302A.601 Merger, exchange, transfer. 

    Subdivision 1.    Merger.  Any two or more corporations 
 may merge, resulting in a single corporation, with or without a 
 business purpose, pursuant to a plan of merger approved in the 
 manner provided in sections 302A.611 to 302A.651.  

    Subd. 2.    Exchange.  A corporation may acquire all of 
 the outstanding shares of one or more classes or series of 
 another corporation pursuant to a plan of exchange approved in 
 the manner provided in sections 302A.611 to 302A.615, and 
 302A.631 to 302A.651.  

    Subd. 3.    Transfer.  A corporation may sell, lease, 
 transfer, or otherwise dispose of all or substantially all of 
 its property and assets in the manner provided in section 
 302A.661.  

    Subd. 4.    Merger or exchange with a limited liability 
 company.  A corporation may participate in a merger or 
 exchange with a limited liability company.  The dissenters' 
 rights for shareholders of a corporation are governed by this 
 chapter.  

    HIST: 1981 c 270 s 89; 1987 c 203 s 4; 1992 c 517 art 1 s 16; 
 1997 c 10 art 3 s 6