Relating to business organizations

ARTICLE 1 - REVISED UNIFORM LIMITED LIABILITY COMPANY ACT GENERAL PROVISIONS

"Minnesota Revised Uniform Limited Liability Company Act"; regulating the organization and operation of limited liability companies; enacting a revised uniform limited liability company act; defining certain terms and specifying the governing and supplemental principles of law; specifying certain powers, duties, and operating requirements; establishing formation, articles of organization and other filing requirements; specifying certain requirements for relations of members, managers, and governors to persons dealing with limited liability companies and for relations of members to each other and to limited liability companies; regulating transferable interests and rights of transferees and creditors, members power to dissociate, the dissolution process, foreign limited liability companies, and allowed actions by members; regulating merger, conversion, and domestication actions; providing for uniformity of application and construction; and repealing certain limited liability companies provisions

ARTICLE 2 - CONFORMING CHANGES

Making conforming amendments to certain statutory provisions; specifying instructions to the revisor of statutes; and repealing business corporations articles of conversion
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