Michigan Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act

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These Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act relate to corporate activity in Minnesota.
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  • Preview Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act
  • Preview Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act
  • Preview Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act
  • Preview Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act
  • Preview Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act

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FAQ

A shareholder, beneficial owner, or holder of a voting trust certificate who has gained access under this section to any corporate record including the share register may not use or furnish to another for use the corporate record or a portion of the contents for any purpose other than a proper purpose.

In discharging the duties of the position of director, a director may, in considering the best interests of the corporation, consider the interests of the corporation's employees, customers, suppliers, and creditors, the economy of the state and nation, community and societal considerations, and the long-term as well ...

An action required or permitted to be taken at a board meeting may be taken by written action signed, or consented to by authenticated electronic communication, by all of the directors.

(a) A shareholder shall not assert dissenters' rights as to less than all of the shares registered in the name of the shareholder, unless the shareholder dissents with respect to all the shares that are beneficially owned by another person but registered in the name of the shareholder and discloses the name and address ...

When written action is permitted to be taken by less than all shareholders, all shareholders who did not sign or consent to the written action must be notified of its text and effective time no later than five days after the effective time of the action.

A shareholder, beneficial owner, or holder of a voting trust certificate who has gained access under this section to any corporate record including the share register may not use or furnish to another for use the corporate record or a portion of the contents for any purpose other than a proper purpose.

A prohibition or limit on indemnification or advances may not apply to or affect the right of a person to indemnification or advances of expenses with respect to any acts or omissions of the person occurring prior to the effective date of a provision in the articles or the date of adoption of a provision in the bylaws ...

An action required or permitted to be taken at a board meeting may be taken by written action signed, or consented to by authenticated electronic communication, by all of the directors.

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Michigan Sections 302A.471 and 302A.473 of Minnesota Business Corporation Act