Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
301.76 CAPITAL STOCK.
The capital stock of the corporation shall be 20,000 shares of no par value, which shall be
issued for $50 per share in cash. At least 25 percent of the capital stock shall be paid into the
treasury of the corporation in cash before the corporation may transact any business other than
such as relates to its organization.
History: 1957 c 896 s 6
The capital stock of the corporation shall be 20,000 shares of no par value, which shall be
issued for $50 per share in cash. At least 25 percent of the capital stock shall be paid into the
treasury of the corporation in cash before the corporation may transact any business other than
such as relates to its organization.
History: 1957 c 896 s 6
Official Publication of the State of Minnesota
Revisor of Statutes