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2009 Minnesota Statutes > Title 59 > Chapter 322B - Limited Liability Companies

Minnesota Statutes > Title 59 > Chapter 322B - Limited Liability Companies


Current as of: 2009
§ 322B.01Citation
§ 322B.02Laws Not to Apply
§ 322B.03Definitions
§ 322B.04Legal Recognition of Electronic Records and Signatures
§ 322B.10Purposes.
§ 322B.105Organizers
§ 322B.11Member Requirement.
§ 322B.115Articles of Organization
§ 322B.12Limited Liability Company Name
§ 322B.125Reserved Name
§ 322B.13Registered Office and Agent
§ 322B.135Change of Registered Office or Agent
§ 322B.14Amendment of Articles of Organization
§ 322B.145Procedure for Amendment before Contribution
§ 322B.15Procedure for Amendment after Contribution
§ 322B.155Class or Series Voting on Amendments
§ 322B.16Articles of Amendment
§ 322B.165Effect of Amendment
§ 322B.17Filing of Articles of Organization
§ 322B.175Effective Date of Articles of Organization
§ 322B.18Presumption and Certificate of Organization
§ 322B.20Powers
§ 322B.21Limited Liability Company Seal
§ 322B.22Effect of Lack of Power and Ultra Vires
§ 322B.23Transaction of Business Outside Minnesota
§ 322B.30Nature of a Membership Interest and Statement of Interest Owned
§ 322B.303Personal Liability of Members As Members
§ 322B.306Termination of a Membership Interest
§ 322B.31Assignment of Financial Rights
§ 322B.313Assignment of Governance Rights
§ 322B.316Effective Date of Assignments
§ 322B.32Rights of Judgment Creditor
§ 322B.323Powers of Estate of a Deceased or Incompetent Member
§ 322B.326Sharing of Profits and Losses
§ 322B.33Preemptive Rights
§ 322B.333Regular Meetings of Members
§ 322B.336Special Meetings of Members
§ 322B.34Notice
§ 322B.343Remote Communications for Member Meetings
§ 322B.346Act of Members
§ 322B.348Contractual Requirement to Submit Matter to Members
§ 322B.35Action Without a Meeting
§ 322B.353Quorum
§ 322B.356Voting Rights
§ 322B.36Voting by Organizations and Legal Representatives
§ 322B.363Proxies
§ 322B.366Member Voting Agreements
§ 322B.37Member Control Agreements
§ 322B.373Required Records and Information
§ 322B.376Financial Statements
§ 322B.38Equitable Remedies
§ 322B.383Rights of Dissenting Members
§ 322B.386Procedures for Asserting Dissenters' Rights
§ 322B.40Authorization, Form and Acceptance of Contributions
§ 322B.41Restatement of Value of Previous Contributions
§ 322B.42Contribution Agreements
§ 322B.43Contribution Allowance Agreements
§ 322B.50Sharing of Distributions
§ 322B.51Interim Distributions
§ 322B.52Distribution in Kind
§ 322B.53Status As a Creditor
§ 322B.54Limitations on Distribution
§ 322B.55Liability of Members for Illegal Distributions
§ 322B.56Liability of Governors for Illegal Distributions
§ 322B.60Organization
§ 322B.603Bylaws
§ 322B.606Board of Governors
§ 322B.61Number
§ 322B.613Qualifications and Election
§ 322B.616Terms
§ 322B.62Acts Not Void or Voidable
§ 322B.623Compensation
§ 322B.626Classification of Governors
§ 322B.63Voting for Governors; Cumulative Voting
§ 322B.633Resignation
§ 322B.636Removal of Governors
§ 322B.64Vacancies
§ 322B.643Board of Governors Meetings
§ 322B.646Absent Governors
§ 322B.65Quorum
§ 322B.653Act of the Board of Governors
§ 322B.656Action Without a Meeting
§ 322B.66Committees
§ 322B.663Standard of Conduct
§ 322B.666Governor Conflicts of Interest
§ 322B.67Managers Required
§ 322B.673Duties of Required Managers
§ 322B.676Other Managers
§ 322B.679Multiple Managerial Positions
§ 322B.68Managers Considered Elected
§ 322B.683Contract Rights
§ 322B.686Resignation, Removal and Vacancy
§ 322B.689Delegation
§ 322B.69Standard of Conduct
§ 322B.693Loans, Guarantees and Suretyship
§ 322B.696Advances
§ 322B.699Indemnification
§ 322B.70Merger, Exchange, Transfer
§ 322B.71Plan of Merger or Exchange
§ 322B.72Plan Approval by Limited Liability Company
§ 322B.73Articles of Merger or Exchange and Certificate
§ 322B.74Abandonment by Limited Liability Company
§ 322B.75Effective Date of Merger or Exchange and Effect
§ 322B.755Merger of Domestic Cooperative into a Domestic Limited Liability Company
§ 322B.76Merger or Exchange with Foreign Corporation or a Foreign Limited Liability Company
§ 322B.77Transfer of Assets and When Permitted
§ 322B.78Conversion.
§ 322B.80Dissolution
§ 322B.803Nonjudicial Dissolution and Termination Prior to Accepting Contributions
§ 322B.806Nonjudicial Dissolution after Accepting Contributions.
§ 322B.81Filing Notice of Dissolution and Effect
§ 322B.813Procedure in Winding Up
§ 322B.816Winding Up Procedure for Limited Liability Companies That Give Notice to Creditors and Claimants
§ 322B.82Winding Up Procedure for Limited Liability Companies That Do Not Give Notice to Creditors and Claimants
§ 322B.823Revocation of Dissolution
§ 322B.826Effective Date of Termination and Certificate of Termination
§ 322B.83Supervised Winding Up and Termination Following a Nonjudicial Dissolution
§ 322B.833Judicial Intervention and Equitable Remedies, Dissolution, and Termination
§ 322B.836Judicial Intervention Procedures
§ 322B.84Qualifications of Receivers and Powers
§ 322B.843Action by Attorney General
§ 322B.846Filing Claims in Judicial Intervention Proceedings
§ 322B.85Discontinuance of Proceedings for Winding Up Through Liquidation
§ 322B.853Decree of Termination
§ 322B.856Filing Decree
§ 322B.86Deposit with Commissioner of Management and Budget of Amount Due Certain Members
§ 322B.863Claims Barred and Exceptions
§ 322B.866Right to Sue or Defend after Termination
§ 322B.87Omitted Assets
§ 322B.873Disposition of Assets Upon Dissolution
§ 322B.876Service of Process on Limited Liability Company
§ 322B.88When a Member is Not a Proper Party
§ 322B.883State Interested in Proceedings
§ 322B.90Governing Law
§ 322B.905Name
§ 322B.91Application for Certificate of Authority
§ 322B.915Issuance of Certificate of Authority
§ 322B.92Amendments to the Certificate of Authority
§ 322B.925Registered Agent and Certain Reports
§ 322B.93Certificate of Withdrawal
§ 322B.935Revocation of Certificate of Authority
§ 322B.94Transaction of Business Without Certificate of Authority
§ 322B.945Transactions Not Constituting Transacting Business
§ 322B.95Action by Attorney General
§ 322B.955Service of Process
§ 322B.960Annual Renewal
§ 322B.975Nonprofit Limited Liability Companies.

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