1997 Minnesota Statutes

     319A.03 Formation. 

    One or more natural professional persons may form a 
 corporation pursuant to chapter 302A or 317A, organize a limited 
 liability company pursuant to chapter 322B, or register a 
 limited liability partnership according to chapter 323 for the 
 purposes hereinafter set forth.  In addition to providing the 
 information required by the chapter under which the entity is 
 formed, organized, or registered, the following information is 
 also required in the forming, organizing, or registration 
 document: 

    (1) the name of the corporation, limited liability company, 
 or limited liability partnership, which must comply with section 
 319A.07; 

    (2) the purpose of the corporation, limited liability 
 company, or limited liability partnership, which must comply 
 with section 319A.04; 

    (3) that the shareholders of the corporation, members of 
 the limited liability company, or partners in a limited 
 liability partnership may only be professional persons licensed 
 to render the kind of professional services that fit the purpose 
 of the corporation, limited liability company, or limited 
 liability partnership; and 

    (4) that the officers and directors of a corporation, the 
 governors and managers of a limited liability company, and the 
 partners of a limited liability partnership, other than the 
 secretary and treasurer and their assistants, must be 
 professional persons licensed to render the kind of professional 
 services that fit the purpose of the corporation, limited 
 liability company, or limited liability partnership. 

    HIST: 1973 c 40 s 3; 1981 c 270 s 132; 1987 c 384 art 2 s 78; 
 1989 c 304 s 137; 1992 c 517 art 1 s 23; 1995 c 128 art 3 s 6