Minnesota Statutes > Chapter 308A > EARNINGS, RESERVE, AND DISTRIBUTION
Current as of: 2023 | Check for updates
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Other versions
| § 308A.701 | Reserves |
| § 308A.705 | Distribution of Income |
| § 308A.711 | Distribution of Unclaimed Property |
Terms Used In Minnesota Statutes > Chapter 308A > EARNINGS, RESERVE, AND DISTRIBUTION
- 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.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44