(a) A corporation shall issue only shares that are nonassessable or that are assessable but are issued with the unanimous consent of the shareholders. Use this form to dissolve the corporation when shares have not been issued.(Minnesota Statutes, Section 302A. 711.) Failure to provide the notice does not invalidate the written action. And Casetext are not a law firm and do not provide legal advice. Technically, the number of shares your corporation can issue is listed in your articles of incorporation.

Issue Shares Without Shareholder Approval In Minnesota

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