Minnesota Revised Uniform Limited Liability Company Act Becomes Law

In This Issue:

- Forming a Limited Liability Company

- Shelf LLCs

- Series LLCs

- Governance

- Members

- Operating Agreement

- Standards of Conduct

- Distributions

- Merger, Conversion and Domestication

- Judicial Dissolution, Buyouts and Oppression

- Indemnification and Advancement

- Personal Liability of Members

- Transition

- Considerations for Early Adoption

- Comparison of Statutes

- Excerpt from Forming a Limited Liability Company:

One or more persons (including corporations, partnerships, and other business entities) may act as organizers to form a limited liability company by signing and filing with the secretary of state articles of organization (322C.201). Under current Minnesota law, a limited liability company may only be organized by a natural person.

Please see full Publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Stinson Leonard Street | Attorney Advertising

Written by:


Stinson Leonard Street on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.