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Statutes > Minnesota Laws > Chapters 300 - 319B Corporations > Chapter 317A Nonprofit Corporations > Section 317A.763 Decree of Dissolution

STATE STATUTES & CODES

MINNESOTA STATUTES AND CODES

Section 317A.763 Decree of Dissolution

317A.763 DECREE OF DISSOLUTION.

Subdivision 1.Procedure; when entered.

In an involuntary or supervised voluntary dissolution, the court shall provide for the discharge of obligations and the distribution of the assets as set forth in section 317A.753, subdivision 4, and shall enter a decree dissolving the corporation.

Subd. 2.Effective date.

When the decree dissolving the corporation has been entered, the corporation is dissolved.

History:

1989 c 304 s 110

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