2025 Session
Last amended: 1989 session
§ 317A.601 — Merger, Consolidation, or Transfer
Plain-Language Summary
Allows a nonprofit to merge, consolidate, or transfer substantially all of its assets.
317A.601 MERGER, CONSOLIDATION, OR TRANSFER.
§
Subdivision 1.Merger or consolidation.
Two or more corporations may merge or consolidate, resulting in a single corporation subject to this chapter. A merger or consolidation must be made as provided in sections 317A.611 to 317A.651. §
Subd. 2.Transfer.
A corporation may sell, lease, transfer, or dispose of all or substantially all of its property and assets under section 317A.661. §
Subd. 3.Notice to attorney general.
If applicable, a corporation shall comply with section 317A.811 before it may merge or consolidate or transfer all or substantially all of its assets.
History:
History: History:
1989 c 304 s 84
Practical Notes
Nonprofits can merge with other entities or transfer all assets by following this section.