2007 Minnesota Statutes

10A.24 DISSOLUTION OR TERMINATION.
    Subdivision 1. Termination report. A political committee, political fund, principal
campaign committee, or party unit may not dissolve until it has settled all of its debts and disposed
of all its assets in excess of $100 and filed a termination report. "Assets" include credit balances
at vendors and physical assets such as computers and postage stamps. Physical assets must be
listed at their fair market value. The termination report may be made at any time and must include
all information required in periodic reports.
    Subd. 2. Termination allowed. Notwithstanding subdivision 1, a committee, fund, or party
unit that has debts incurred more than six years previously, has disposed of all its assets, and has
met the requirements of section 10A.20, subdivision 7, may notify any remaining creditors by
certified mail and then file a termination report.
History: 1974 c 470 s 24; 1978 c 463 s 66; 1990 c 608 art 3 s 9; 1993 c 318 art 2 s 19;
1999 c 220 s 27