Minnesota Statutes
§ 301.76 — CAPITAL STOCK
Minnesota § 301.76
JurisdictionMinnesota
PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Ch. 301DEVELOPMENT CORPORATIONS
This text of Minnesota § 301.76 (CAPITAL STOCK) 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. § 301.76 (2026).
Text
The capital stock of the corporation shall be 20,000 shares of no par value, which shall be issued for $50 per share in cash. At least 25 percent of the capital stock shall be paid into the treasury of the corporation in cash before the corporation may transact any business other than such as relates to its organization.
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Legislative History
1957 c 896 s 6
Nearby Sections
14
§ 301.71
DEVELOPMENT CORPORATIONS§ 301.72
PURPOSES§ 301.73
CERTIFICATE§ 301.74
PUBLICATION OF CERTIFICATE§ 301.75
ADDITIONAL POWERS§ 301.76
CAPITAL STOCK§ 301.77
DIRECTORS§ 301.78
NONSTOCKHOLDER MEMBERS§ 301.79
EARNED SURPLUS§ 301.80
LIMITATIONS ON OBLIGATIONS§ 301.81
DEPOSIT OF FUNDS§ 301.82
SUPERVISION AND EXAMINATIONCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 301.76, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/301/301.76.