300.40 Certificate of incorporation to provide for conversion of shares.
A corporation's certificate of incorporation, or an amendment to it, may provide that shares of stock of a class are convertible into shares of stock of another class upon the terms and conditions stated in that document, except that shares of stock without par value must not be convertible into shares of stock having par value.
HIST: (7470-8) 1925 c 333 s 8; 1984 c 628 art 5 s 1
Official Publication of the State of Minnesota
Revisor of Statutes