This office lease provision states that it is an unpermitted assignment for partners to have a change in their share of partnership ownership and thus a default under the lease. Generally, this type of change in ownership is couched in those provisions dealing with changes in share ownerships of corporations.
Minnesota Provision Dealing with Changes in Share Ownership of Corporations and Changes in Share Ownership of Partnership
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Maintenance of limited common elements usually remains the responsibility of the HOA unless otherwise specified in the declaration. Much of this is paid for through the collection of monthly condominium fees from unit owners.
(10) "Common interest community" or "CIC" means contiguous or noncontiguous real estate within Minnesota that is subject to an instrument which obligates persons owning a separately described parcel of the real estate, or occupying a part of the real estate pursuant to a proprietary lease, by reason of their ownership ...
Minnesota Administrative Rule 326B. 805 requires residential roofers operating in the state to obtain a license with the MDLI. The Minnesota legislature enacted licensing laws and regulations to ensure that roofers engage in ethical business practices.
317A. A nonprofit corporation's purpose and activities must serve the organization's mission to benefit the public, and may not be operated to profit other persons or entities.
Minnesota Statutes, Chapter 322C A Converted Organization that is a foreign organization and not authorized to transact business in this state appoints the secretary of state as its agent for service of process for purposes of enforcing a debt, obligation, or other liability under this subdivision.
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.
Common Ownership Types of ?common interest community? include condominiums, planned communities and homeowners' associations and timeshares. Common interest properties are gaining in popularity as more people live in condos or use timeshares for vacations.
The Uniform Common Interest Ownership Act (UCIOA) is a comprehensive act that governs the formation, management, and termination of a common-interest community.
