Minn. Stat. § 301.80

Current through Register Vol. 49, No. 8, August 19, 2024
Section 301.80 - LIMITATIONS ON OBLIGATIONS

At no time shall the total obligations of the corporation exceed ten times the amount of the paid-in capital and surplus, not including earned surplus.

Minn. Stat. § 301.80

1957 c 896 s 10