Minnesota § 116S.10 SUCCESSOR STATUS

Minnesota Statutes

§ 116S.10 — SUCCESSOR STATUS

Minnesota § 116S.10

PartBUSINESS DEVELOPMENT

Ch. 116SMINNESOTA BUSINESS FINANCE, INC.

This text of Minnesota § 116S.10 (SUCCESSOR STATUS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 116S.10 (2026).

Text

(a)Minnesota Business Finance, Inc. is the legal successor in all respects of Opportunities Minnesota Incorporated established under section116J.985, and all assets and liabilities are transferred to it. The board of directors shall promptly upon appointment amend the relevant documents and file them with the secretary of state.

(b)The balance of the funds in the special revenue fund account currently allocated to Opportunities Minnesota Incorporated are transferred to the Minnesota business finance account for the purposes of sections13.598, subdivision 3, and116S.01to116S.09.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Minnesota Business Finance, Inc. is the legal successor in all respects of Opportunities Minnesota Incorporated established under section116J.985, and all assets and liabilities are transferred to it. The board of directors shall promptly upon appointment amend the relevant documents and file them with the secretary of state.
(b) The balance of the funds in the special revenue fund account currently allocated to Opportunities Minnesota Incorporated are transferred to the Minnesota business finance account for the purposes of sections13.598, subdivision 3, and116S.01to116S.09.