302A.601 MERGER, EXCHANGE, TRANSFER.
Subdivision 1. Merger.
A corporation may merge with one or more domestic or foreign
corporations, resulting in a single domestic or foreign corporation, with or without a business
purpose, pursuant to a plan of merger approved in the manner provided in sections
Subd. 2. Exchange.
A corporation may acquire all of the outstanding shares of one or
more classes or series of another domestic or foreign corporation pursuant to a plan of exchange
approved in the manner provided in sections
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
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.
History: 1981 c 270 s 89; 1987 c 203 s 4; 1992 c 517 art 1 s 16; 1997 c 10 art 3 s 6; 2006
c 250 art 1 s 31,32