Minnesota Statutes 302A.439 – Contractual Requirement to Submit Matter to Shareholders
Current as of: 2023 | Check for updates
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A corporation may agree to submit a matter to its shareholders whether or not the board of directors determines, at any time after approving the matter, that the matter is no longer advisable and recommends that shareholders reject it.
Terms Used In Minnesota Statutes 302A.439
- 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.