2007 Minnesota Statutes

317A.733 ARTICLES OF DISSOLUTION; CERTIFICATE OF DISSOLUTION; EFFECT.
    Subdivision 1. Articles; when filed. Articles of dissolution for a corporation dissolving
under section 317A.721 must be filed with the secretary of state after compliance with section
317A.811, if applicable, and:
(1) the payment of claims of known creditors and claimants has been made or provided for;
(2) if the corporation has given notice to creditors and claimants in the manner provided
in section 317A.727: (i) the 90-day period in section 317A.727, subdivision 2, clause (5), has
expired and the payment of claims of the creditors and claimants filing a claim within that period
has been made or provided for; or (ii) the longer of the periods described in section 317A.729,
clause (2), has expired; or, in all other cases;
(3) the two-year period described in section 317A.730 has expired.
    Subd. 2. Contents of articles. The articles of dissolution must state:
(a)(1) whether notice has been given to the creditors and claimants of the corporation in the
manner provided in section 317A.727 and, if notice has been given, the last date on which the
notice was given and: (i) that the payment of the creditors and claimants filing a claim within
the 90-day period set forth in section 317A.727, subdivision 2, clause (5), has been made or
provided for; or (ii) the date on which the longer of the periods described in section 317A.729,
clause (2), expired; or
(2) if notice was not given and articles of dissolution are being filed under subdivision
1, clause (1), that the debts, obligations, and liabilities of the corporation have been paid and
discharged or that adequate provisions have been made for them;
(b) that the remaining assets of the corporation have been distributed under section 317A.735
or that adequate provision has been made for the distribution;
(c) that there are no pending legal, administrative, or arbitration proceedings by or against the
corporation, or that adequate provision has been made for the satisfaction of a judgment, order, or
decree that may be entered against it in a pending proceeding; and
(d) if applicable, that notice to the attorney general required by section 317A.811 has been
given and the waiting period has expired or has been waived by the attorney general.
    Subd. 3. Effective date. When the articles of dissolution have been filed with the secretary of
state, or on a later date or a later time each within 30 days after filing if the articles of dissolution
so provide, the corporation is dissolved.
    Subd. 4. Certificate. The secretary of state shall issue to the dissolved corporation a
certificate of dissolution that contains:
(1) the name of the corporation;
(2) the date and time the dissolution is effective; and
(3) a statement that the corporation is dissolved at the effective date and time of the
dissolution.
History: 1989 c 304 s 103; 1995 c 186 s 65,66; 2002 c 311 art 3 s 13,14