# Minn. Stat. § 85B.08: DISSOLUTION

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.08

## Section

- **Citation:** Minn. Stat. § 85B.08
- **Heading:** DISSOLUTION
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 85_87A / Chapter 85B / Section 85B.08

## Text

Upon dissolution of the corporation for any reason, its wholly owned assets become state property. Partially owned assets become state property to the extent that state money was used to acquire them.

## Nearby sections

- [Minn. Stat. § 85B.01 § 85B.01 PURPOSE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.01.md)
- [Minn. Stat. § 85B.02 § 85B.02 ORGANIZATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.02.md)
- [Minn. Stat. § 85B.03 § 85B.03 POWERS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.03.md)
- [Minn. Stat. § 85B.04 § 85B.04 EMPLOYEES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.04.md)
- [Minn. Stat. § 85B.05 § 85B.05 ACCOUNTS; AUDITS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.05.md)
- [Minn. Stat. § 85B.06 § 85B.06 ANNUAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.06.md)
- [Minn. Stat. § 85B.07 § 85B.07 PROPERTY TAX EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.07.md)
- [Minn. Stat. § 85B.08 § 85B.08 DISSOLUTION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.08.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P85_87A_C85B_S85B.08. Check the current official text before relying on it. Not legal advice.