Chapter 322B Limited Liability Companies
- Section 322B.01 Citation
- Section 322B.02 Laws Not to Apply
- Section 322B.03 Definitions
- Section 322B.04 Legal Recognition of Electronic Records and Signatures
- Section 322B.10 Purposes
- Section 322B.105 Organizers
- Section 322B.11 Member Requirement
- Section 322B.115 Articles of Organization
- Section 322B.12 Limited Liability Company Name
- Section 322B.125 Reserved Name
- Section 322B.13 Registered Office and Agent
- Section 322B.135 Change of Registered Office or Agent
- Section 322B.14 Amendment of Articles of Organization
- Section 322B.145 Procedure for Amendment before Contribution
- Section 322B.15 Procedure for Amendment after Contribution
- Section 322B.155 Class or Series Voting on Amendments
- Section 322B.16 Articles of Amendment
- Section 322B.165 Effect of Amendment
- Section 322B.17 Filing of Articles of Organization
- Section 322B.175 Effective Date of Articles of Organization
- Section 322B.18 Presumption and Certificate of Organization
- Section 322B.20 Powers
- Section 322B.21 Limited Liability Company Seal
- Section 322B.22 Effect of Lack of Power and Ultra Vires
- Section 322B.23 Transaction of Business Outside Minnesota
- Section 322B.30 Nature of a Membership Interest and Statement of Interest Owned
- Section 322B.303 Personal Liability of Members As Members
- Section 322B.306 Termination of a Membership Interest
- Section 322B.31 Assignment of Financial Rights
- Section 322B.313 Assignment of Governance Rights
- Section 322B.316 Effective Date of Assignments
- Section 322B.32 Rights of Judgment Creditor
- Section 322B.323 Powers of Estate of a Deceased or Incompetent Member
- Section 322B.326 Sharing of Profits and Losses
- Section 322B.33 Preemptive Rights
- Section 322B.333 Regular Meetings of Members
- Section 322B.336 Special Meetings of Members
- Section 322B.34 Notice
- Section 322B.343 Remote Communications for Member Meetings
- Section 322B.346 Act of Members
- Section 322B.348 Contractual Requirement to Submit Matter to Members
- Section 322B.35 Action Without a Meeting
- Section 322B.353 Quorum
- Section 322B.356 Voting Rights
- Section 322B.36 Voting by Organizations and Legal Representatives
- Section 322B.363 Proxies
- Section 322B.366 Member Voting Agreements
- Section 322B.37 Member Control Agreements
- Section 322B.373 Required Records and Information
- Section 322B.376 Financial Statements
- Section 322B.38 Equitable Remedies
- Section 322B.383 Rights of Dissenting Members
- Section 322B.386 Procedures for Asserting Dissenters' Rights
- Section 322B.40 Authorization, Form and Acceptance of Contributions
- Section 322B.41 Restatement of Value of Previous Contributions
- Section 322B.42 Contribution Agreements
- Section 322B.43 Contribution Allowance Agreements
- Section 322B.50 Sharing of Distributions
- Section 322B.51 Interim Distributions
- Section 322B.52 Distribution in Kind
- Section 322B.53 Status As a Creditor
- Section 322B.54 Limitations on Distribution
- Section 322B.55 Liability of Members for Illegal Distributions
- Section 322B.56 Liability of Governors for Illegal Distributions
- Section 322B.60 Organization
- Section 322B.603 Bylaws
- Section 322B.606 Board of Governors
- Section 322B.61 Number
- Section 322B.613 Qualifications and Election
- Section 322B.616 Terms
- Section 322B.62 Acts Not Void or Voidable
- Section 322B.623 Compensation
- Section 322B.626 Classification of Governors
- Section 322B.63 Voting for Governors; Cumulative Voting
- Section 322B.633 Resignation
- Section 322B.636 Removal of Governors
- Section 322B.64 Vacancies
- Section 322B.643 Board of Governors Meetings
- Section 322B.646 Absent Governors
- Section 322B.65 Quorum
- Section 322B.653 Act of the Board of Governors
- Section 322B.656 Action Without a Meeting
- Section 322B.66 Committees
- Section 322B.663 Standard of Conduct
- Section 322B.666 Governor Conflicts of Interest
- Section 322B.67 Managers Required
- Section 322B.673 Duties of Required Managers
- Section 322B.676 Other Managers
- Section 322B.679 Multiple Managerial Positions
- Section 322B.68 Managers Considered Elected
- Section 322B.683 Contract Rights
- Section 322B.686 Resignation, Removal and Vacancy
- Section 322B.689 Delegation
- Section 322B.69 Standard of Conduct
- Section 322B.693 Loans, Guarantees and Suretyship
- Section 322B.696 Advances
- Section 322B.699 Indemnification
- Section 322B.70 Merger, Exchange, Transfer
- Section 322B.71 Plan of Merger or Exchange
- Section 322B.72 Plan Approval by Limited Liability Company
- Section 322B.73 Articles of Merger or Exchange and Certificate
- Section 322B.74 Abandonment by Limited Liability Company
- Section 322B.75 Effective Date of Merger or Exchange and Effect
- Section 322B.755 Merger of Domestic Cooperative into a Domestic Limited Liability Company
- Section 322B.76 Merger or Exchange with Foreign Corporation or a Foreign Limited Liability Company
- Section 322B.77 Transfer of Assets and When Permitted
- Section 322B.78 Conversion
- Section 322B.80 Dissolution
- Section 322B.803 Nonjudicial Dissolution and Termination Prior to Accepting Contributions
- Section 322B.806 Nonjudicial Dissolution after Accepting Contributions
- Section 322B.81 Filing Notice of Dissolution and Effect
- Section 322B.813 Procedure in Winding Up
- Section 322B.816 Winding Up Procedure for Limited Liability Companies That Give Notice to Creditors and Claimants
- Section 322B.82 Winding Up Procedure for Limited Liability Companies That Do Not Give Notice to Creditors and Claimants
- Section 322B.823 Revocation of Dissolution
- Section 322B.826 Effective Date of Termination and Certificate of Termination
- Section 322B.83 Supervised Winding Up and Termination Following a Nonjudicial Dissolution
- Section 322B.833 Judicial Intervention and Equitable Remedies, Dissolution, and Termination
- Section 322B.836 Judicial Intervention Procedures
- Section 322B.84 Qualifications of Receivers and Powers
- Section 322B.843 Action by Attorney General
- Section 322B.846 Filing Claims in Judicial Intervention Proceedings
- Section 322B.85 Discontinuance of Proceedings for Winding Up Through Liquidation
- Section 322B.853 Decree of Termination
- Section 322B.856 Filing Decree
- Section 322B.86 Deposit with Commissioner of Management and Budget of Amount Due Certain Members
- Section 322B.863 Claims Barred and Exceptions
- Section 322B.866 Right to Sue or Defend after Termination
- Section 322B.87 Omitted Assets
- Section 322B.873 Disposition of Assets Upon Dissolution
- Section 322B.876 Service of Process on Limited Liability Company
- Section 322B.88 When a Member is Not a Proper Party
- Section 322B.883 State Interested in Proceedings
- Section 322B.90 Governing Law
- Section 322B.901 Repealed, 1995 c 128 art 3 s 27
- Section 322B.905 Name
- Section 322B.91 Application for Certificate of Authority
- Section 322B.915 Issuance of Certificate of Authority
- Section 322B.92 Amendments to the Certificate of Authority
- Section 322B.925 Registered Agent and Certain Reports
- Section 322B.93 Certificate of Withdrawal
- Section 322B.935 Revocation of Certificate of Authority
- Section 322B.94 Transaction of Business Without Certificate of Authority
- Section 322B.945 Transactions Not Constituting Transacting Business
- Section 322B.95 Action by Attorney General
- Section 322B.955 Service of Process
- Section 322B.960 Annual Renewal
- Section 322B.975 Nonprofit Limited Liability Companies