Minn. Stat. § 302A.191

Current through 2023, c. 117

Section 302A.191 - FORUM SELECTION PROVISIONS

Subdivision 1.Authorization.

The articles or bylaws may require, consistent with applicable jurisdictional requirements, that any or all internal corporate claims must be brought exclusively in any or all of the courts in this state. The articles or bylaws must not prohibit bringing an internal corporate claim in the courts of this state.

Subd. 2.Definition.

"Internal corporate claim" means any:

(a) claim that is based upon a violation of a duty under the laws of this state by a current or former director, officer, or shareholder in such capacity;

(b) derivative action or proceeding brought on behalf of the corporation; or

(c) action asserting a claim arising under this chapter or the corporation's articles or bylaws.

Minn. Stat. § 302A.191

Added by 2018 Minn. Laws, ch. 103,s 4, eff. 8/1/2018.