Minnesota Statutes > Chapter 60G > STANDARDS FOR COMPANIES IN HAZARDOUS FINANCIAL CONDITION

Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Commissioner: means the commissioner of commerce. See Minnesota Statutes 56.001
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Person: includes individuals, copartnerships, associations, and corporations. See Minnesota Statutes 56.001
Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44