2004 Minnesota Statutes

     300.26 Effect of transfer; stock books. 

    The transfer of shares is not binding upon the company 
 until it is regularly entered on the books of the company to 
 show the names of the persons by and to whom transferred, the 
 number or other designation of the shares, and the date of the 
 transfer.  The transfer does not exempt the person making the 
 transfer from liabilities of the corporation which were created 
 prior to the transfer.  The books of the company must be kept to 
 show intelligibly the original stockholders, their respective 
 interests, the amount which has been paid in on their shares, 
 and all transfers of the shares.  The books, or correct copies 
 of them, so far as the items mentioned in this section are 
 concerned, are subject to the inspection of any person.  

    HIST: (7464) RL s 2864; 1965 c 812 s 11; 1984 c 628 art 5 s 1