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300.55 Stock certificates, to whom issued.

When a person pays in full all amounts due a corporation upon a certificate of its stock, and surrenders all receipts, if any, issued for it, that person must be furnished with a certificate, under the corporate seal, stating the number of shares and class of its stock owned by that person, signed by its president or vice-president, and by its secretary, or by the officers the certificate of incorporation or bylaws provides. When a certificate is signed by a transfer agent or registrar, the signature of a corporate officer and the corporate seal upon the certificate may be engraved or printed facsimiles. The certificate is prima facie evidence of ownership of the stock.

HIST: (7481) RL s 2879; 1963 c 299 s 1; 1984 c 628 art 5 s 1; 1986 c 444

Official Publication of the State of Minnesota
Revisor of Statutes