Richard A. Saliterman and Jeffrey C. Robbins
This Article is aimed at assisting the newer practitioner in organizing small private corporations for his or her client. In most areas of corporate or commercial law, a checklist is absolutely necessary, and even in the basic incorporation of a close corporation there is no exception to the rule. As authors we have examined many checklists but, unfortunately, have not been able to find one which directly addresses the very substantial legislative changes brought about by the new Minnesota Business Incorporation Act, Minnesota Statues Chapter 302A (hereinafter, the New Act).¹ Beginning January 1, 1984, most corporations, including those incorporated under Chapter 301(hereinafter the Old Act)², will be governed by the New Act.³ Currently, corporations may elect to incorporate under either the Old or the New Act, and those corporations incorporated under the Old Act may elect governance under the New Act provisions.
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1982, Incorporating Under the New Minnesota Incorporation Act, The Hennepin Lawyer PDF