Minnesota Statutes 303.115 – Foreign Professional Firm Filings
Current as of: 2023 | Check for updates
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When a foreign corporation uses chapter 319B to elect professional firm status, rescind that status, or change the specification of professional services required under section 319B.04, the foreign corporation must file with the secretary of state a notice which:
Terms Used In Minnesota Statutes 303.115
- 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.
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
(1) states the election, rescission, or change in specification;
(2) had been approved in accordance with the foreign corporation’s generally applicable governing law, as that term is defined in section 319B.02, subdivision 8; and
(3) has been signed on behalf of the foreign corporation.