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Committee lays over revisions to Minnesota Business Corporations Act and refers one bill to the floor
2754637 · March 24, 2025
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Summary
Senators heard a package of proposed updates to Minnesota’s Business Corporations Act (302A) drafted by the Minnesota State Bar Association; the committee unanimously advanced a related House file to the Senate floor and laid over additional legislation for further consideration.
The committee considered a comprehensive update to Minnesota’s Business Corporations Act (302A) proposed by the Minnesota State Bar Association. Sponsor testimony said the bill modernizes definitions (including beneficial ownership), emergency powers, validation of…
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