Minnesota Authority to Issue Additional Shares

State:
Multi-State
Control #:
US-CC-12-1931
Format:
Word; 
Rich Text
Instant download

Description

This form may be used by a company's Board of Directors to allow for the purchase of additional stock beyond the original agreement with a second party. The form specifically states the conditions under which the additional purchase will be allowed.
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FAQ

In Minnesota, eminent domain gives the government the power to take your property, even if you don't want to sell. But under the Fifth Amendment, eminent domain must be for a ?public use,? which traditionally meant projects like roads or bridges.

(b) A shareholder, beneficial owner, or a holder of a voting trust certificate of a corporation that is not a publicly held corporation has a right, upon written demand, to examine and copy, in person or by a legal representative, other corporate records at any reasonable time only if the shareholder, beneficial owner, ...

(a) An agency shall initiate a contested case proceeding when one is required by law.

Physically helpless. "Physically helpless" means that a person is (a) asleep or not conscious, (b) unable to withhold consent or to withdraw consent because of a physical condition, or (c) unable to communicate nonconsent and the condition is known or reasonably should have been known to the actor.

Minnesota Statute 507.07 establishes that, in the conveyance of real property, a spouse not named on a mortgage does not have property rights against the lender. a person can appoint their spouse as their power of attorney. one can convey the real property of their spouse with a joint deed.

An easement, condition, restriction, or other servitude that is imposed on real property by a recorded instrument and is not in violation of law or public policy, is valid notwithstanding the common ownership, when the easement, condition, restriction, or other servitude is imposed, of any of the real property burdened ...

A Minnesota right-of-way easement gives the owner of the easement the right to pass over, or go across, the land of another person. Federal and Minnesota highways, and railroad routes, are examples of Minnesota right-of-way easements.

The Minnesota Common Interest Ownership Act, or MCIOA, governs the legal standing and obligations of townhome associations, primarily condominium associations, created on or after June 1, 1994. Townhome associations created before this date must opt into the MCIOA.

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Minnesota Authority to Issue Additional Shares