Minnesota Statutes 317A.403 – Membership Certificates
Current as of: 2023 | Check for updates
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A corporation may issue certificates showing membership in the corporation. In lieu of a membership certificate, a corporation may issue preferred or common stock. Stock may be issued upon the terms and conditions that the board considers appropriate.
Terms Used In Minnesota Statutes 317A.403
- 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.