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60B.23 DISSOLUTION OF INSURER.
The commissioner may petition for an order dissolving the corporate existence of a domestic
insurer or the United States branch of an alien insurer domiciled in this state at the time the
commissioner applies for a liquidation order. If the court issues a liquidation order, it also shall
order dissolution if the commissioner has petitioned for it. The court shall order dissolution of
the corporation upon petition by the commissioner at any time after a liquidation order has been
granted. If the dissolution has not previously occurred, it shall be effected by operation of law
upon the discharge of the liquidator. The commissioner shall file a dissolution with the secretary
of state pursuant to section 302A.711, subdivision 2, paragraphs (a), clauses (1), (2), and (5),
and (b); and subdivisions 3 and 4
.
History: 1969 c 708 s 23; 1986 c 444; 2005 c 69 art 2 s 9

Official Publication of the State of Minnesota
Revisor of Statutes