The Minnesota legislature is considering proposed changes to the Minnesota Business Corporation Act. Among other things, the changes would:
- Provide for pre-clearance of documents to be filed with the Minnesota Secretary of State.
- Provide for dissenters’ rights in certain transactions where shareholders are eliminated in fractional share transactions.
- Clarify the manner in which interest in dissenters’ rights actions is calculated.
- Provide for cross-entity conversions with foreign entities.
You can find more information here.