2005 Minnesota Statutes

     300.41 Powers of directors to issue stock. 

    Subject to limitations and restrictions set forth in the 
 certificate of incorporation, a corporation may, at a meeting 
 called and held for that purpose, empower its directors to issue 
 shares of its unissued, authorized capital stock without par 
 value and may authorize its directors to fix the amount of money 
 or the actual value of the consideration for which the stock is 
 issued.  The certificate of incorporation, or an amendment to 
 it, of a corporation may empower its directors to issue from 
 time to time shares of stock without par value for the 
 consideration the directors consider advisable, subject to the 
 limitations and restrictions specified.  

    HIST: (7470-9) 1925 c 333 s 9; 1984 c 628 art 5 s 1