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.
302A.721 VOLUNTARY DISSOLUTION BY SHAREHOLDERS.
Subdivision 1. Manner. A corporation may be dissolved by the shareholders when
authorized in the manner set forth in this section.
Subd. 2. Notice; approval. (a) Written notice shall be given to each shareholder, whether or
not entitled to vote at a meeting of shareholders, within the time and in the manner provided in
section 302A.435 for notice of meetings of shareholders and, whether the meeting is a regular or a
special meeting, shall state that a purpose of the meeting is to consider dissolving the corporation.
(b) The proposed dissolution shall be submitted for approval at a meeting of shareholders.
If the proposed dissolution is approved at a meeting by the affirmative vote of the holders of a
majority of the voting power of all shares entitled to vote, the dissolution shall be commenced.
History: 1981 c 270 s 100; 1982 c 497 s 58
Subdivision 1. Manner. A corporation may be dissolved by the shareholders when
authorized in the manner set forth in this section.
Subd. 2. Notice; approval. (a) Written notice shall be given to each shareholder, whether or
not entitled to vote at a meeting of shareholders, within the time and in the manner provided in
section 302A.435 for notice of meetings of shareholders and, whether the meeting is a regular or a
special meeting, shall state that a purpose of the meeting is to consider dissolving the corporation.
(b) The proposed dissolution shall be submitted for approval at a meeting of shareholders.
If the proposed dissolution is approved at a meeting by the affirmative vote of the holders of a
majority of the voting power of all shares entitled to vote, the dissolution shall be commenced.
History: 1981 c 270 s 100; 1982 c 497 s 58
Official Publication of the State of Minnesota
Revisor of Statutes