Chapter 303 — Minnesota Foreign Corporation Act
Minnesota Statutes Chapter 303 — Minnesota Foreign Corporation Act
303.01
Citation
This section provides the official name of the law: the Minnesota Foreign Corporation Act, which governs corporations …
303.02
Definitions
This section defines key terms used in the Foreign Corporation Act, including 'corporation,' 'foreign corporation,' and …
303.03
Foreign Corporations Must Have Certificate of Authority
This section requires foreign corporations to obtain a certificate of authority before doing business in Minnesota, and …
303.04
Engaging in Banking; Limitation
This section prohibits foreign corporations from conducting banking or trust company business in Minnesota, except as …
303.05
Names of Corporations
This section requires a foreign corporation to use a name that is distinguishable from other corporations already …
303.06
Application for Certificate of Authority
This section describes what documents a foreign corporation must file with the Secretary of State to apply for a …
303.07
License Fees
This section describes the Secretary of State's duties when processing a foreign corporation's application, including …
303.08
Issuance of Certificate of Authority
This section specifies the powers and limitations of a foreign corporation that has been granted a certificate of …
303.09
Powers Same as Domestic Corporation
This section requires foreign corporations authorized to do business in Minnesota to file amendments to their articles …
303.10
Office and Agent
This section requires foreign corporations authorized to do business in Minnesota to maintain a registered office and …
303.11
Notice of Name Changes, Where Filed
This section allows a foreign corporation to change its registered office or registered agent in Minnesota by filing the …
303.115
Foreign Professional Firm Filings
This section addresses service of process on the Secretary of State as agent for a foreign corporation that has failed …
303.12
This section provides that a foreign corporation's failure to maintain a registered agent does not affect the validity …
303.13
Service of Process
This section describes the procedure for a foreign corporation to voluntarily surrender its certificate of authority and …
303.14
Annual Renewal
This section requires foreign corporations to file annual reports with the Secretary of State, including updated …
303.15
This section establishes penalties and consequences for foreign corporations that transact business in Minnesota without …
303.16
Withdrawal From State
This section provides for the revocation or cancellation of a foreign corporation's certificate of authority if it fails …
303.17
License Revocation
This section allows a foreign corporation whose certificate of authority has been revoked to apply for reinstatement by …
303.18
Cancellation of Certificate of Authority
This section specifies how legal process (lawsuits and summons) may be served on a foreign corporation in Minnesota.
303.19
Reinstatement
This section establishes the procedure for a foreign corporation to re-qualify for a certificate of authority after one …
303.20
Foreign Corporation May Not Maintain Action Unless Licensed
This section addresses the effect of mergers involving foreign corporations that are authorized to do business in …
303.21
Fees
This section establishes the fees that foreign corporations must pay to the Secretary of State for filing various …
303.22
Applicable to Present Corporations
This section provides that the Foreign Corporation Act applies to all foreign corporations doing business in Minnesota, …
303.23
Certificate Issued by Secretary of State
This section provides that certificates issued by the Secretary of State regarding foreign corporations are prima facie …
303.24
Rights Subject to Amendment
This section reserves the state's right to amend or repeal the Foreign Corporation Act at any time.
303.25
Foreign Trust Associations, Powers
This section allows out-of-state banking and trust associations to serve as executors, trustees, guardians, and …