Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

The Minnesota Business Corporation Act was recently revised and the amendments have been signed into law.  Among other things, the changes:

  • Provide for pre-clearance of documents to be filed with the Minnesota Secretary of State.
  • Provide for dissenters’ rights in certain transactions where shareholders are eliminated in fractional share transactions.
  • Clarify the manner in which interest in dissenters’ rights actions is calculated.
  • Provide for cross-entity conversions with foreign entities.

You can find more information here.

ABOUT STINSON LEONARD STREET

Stinson Leonard Street LLP provides sophisticated transactional and litigation legal services to clients ranging from individuals and privately held enterprises to national and international public companies. As one of the 75 largest firms in the U.S., Stinson Leonard Street has more than 520 attorneys and offices in 14 cities, including Minneapolis, Mankato and St. Cloud, Minn.; Kansas City, St. Louis and Jefferson City, Mo.; Phoenix, Ariz.; Denver, Colo.; Washington, D.C.; Decatur, Ill.; Wichita and Overland Park, Kan.; Omaha, Neb.; and Bismarck, N.D.

The views expressed herein are the views of the blogger and not those of Stinson Leonard Street or any client.