Statutes, codes, and regulations
Minnesota Statutes
BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONSChapter 302A - BUSINESS CORPORATIONS
SHARES; SHAREHOLDERS
Section 302A.425 - LIABILITY OF SUBSCRIBERS AND SHAREHOLDERS WITH RESPECT TO SHARES

Minn. Stat. § 302A.425

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Current through Register Vol. 49, No. 8, August 19, 2024
Section 302A.425 - LIABILITY OF SUBSCRIBERS AND SHAREHOLDERS WITH RESPECT TO SHARES

A subscriber for shares or a shareholder of a corporation is under no obligation to the corporation or its creditors with respect to the shares subscribed for or owned, except to pay to the corporation the full consideration for which the shares are issued or to be issued.

Minn. Stat. § 302A.425

1981 c 270 s 63