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300.38 Increase or reduction of value of capital stock.

The number of authorized shares of stock without par value may be increased or reduced in the manner and subject to the conditions provided in section 300.45 and acts supplemental to it. All other statutory provisions relating to stock having a par value apply to stock without par value, so far as they are legally, necessarily, or practically applicable to, and consistent with the provisions of sections 300.33 to 300.43.

HIST: (7470-6) 1925 c 333 s 6; 1984 c 628 art 5 s 1

Official Publication of the State of Minnesota
Revisor of Statutes