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Committee re‑refers update to business corporations law after bar‑association backed presentation

2361386 · February 20, 2025
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Summary

House File 747, a bill that would update Minnesota’s business corporations statute to reflect contemporary corporate governance practices, was re‑referred to the Judiciary and Civil Law Committee after testimony from the Minnesota State Bar Association and the bill sponsor.

House File 747, sponsored by Representative Niska and presented on Feb. 20, would revise Minnesota’s business corporations statute to adopt a set of updates the Minnesota State Bar Association’s Business Law Section developed to align Minnesota with recent national practices, including Delaware precedents and American Bar Association model provisions.

Representative Niska said the measure updates…

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