47.16 CERTIFICATION BY COMMISSIONER.
Subdivision 1. Filing.
The certificate of a corporation must be filed for record with the
secretary of state. If the secretary of state finds that it conforms to law and that the required fee
has been paid, the secretary of state must record it and certify that fact on it. The secretary of
state may not accept a certificate for filing unless the certificate also contains the endorsement
of the commissioner of commerce.
Subd. 2.[Repealed, 1982 c 473 s 30
Subd. 2. Certificate of authority.
If the commissioner of commerce is satisfied that the
corporation has been organized for legitimate purposes, and under such conditions as to merit and
have public confidence, and that all provisions of law applicable to every branch of business in
which, by the terms of its certificate, it is authorized to engage, have been complied with, the
commissioner shall so certify. When the original certificate and the certificate of incorporation
from the secretary of state is filed with the commissioner of commerce, the commissioner shall,
within 60 days thereafter, execute and deliver to it a certificate of authority.
History: (7646) RL s 2974; 1955 c 820 s 11; 1980 c 541 s 1; 1983 c 289 s 114 subd 1; 1984
c 655 art 1 s 92; 1986 c 444; 1989 c 166 s 4; 2005 c 69 art 1 s 4