2004 Minnesota Statutes

     300.58 Dissolution of corporations; exceptions. 

    A corporation may cause appropriate action to be taken to 
 dissolve the corporation when it determines that it is for the 
 best interests of all concerned that it be dissolved.  This 
 determination must be made by the affirmative vote of a majority 
 of each class of its stock entitled to vote, or of its members, 
 if it is without capital stock.  This section does not apply to 
 banks of discount or deposit, savings banks, or nonprofit 
 corporations subject to the Minnesota Nonprofit Corporation Act. 

    HIST: (7484) RL s 2882; 1951 c 550 s 75; 1953 c 650 s 24; 1984 
 c 628 art 5 s 1