Minnesota § 316.15 - ORDER LIMITING TIME TO PRESENT CLAIMS; EXTENSION
Full text of Minnesota Minnesota Statutes § 316.15 — ORDER LIMITING TIME TO PRESENT CLAIMS; EXTENSION, with citation guidance and answers to common questions.
§ 316.15. ORDER LIMITING TIME TO PRESENT CLAIMS; EXTENSION
The court, upon adjudication of dissolution, shall therein limit the time in which creditors may present claims against the corporation, which shall not be less than six months, nor more than one year, from its date, and fix the time and place when and where it will examine and adjust the same. No claim or demand shall be received or allowed after the expiration of the time so limited, except by permission of the court for good cause shown and upon notice to the receiver, but in no case unless presented within 18 months from the date of adjudication and before final settlement.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 316.15
What does Minnesota Statutes § 316.15 cover?
Section 316.15 ("ORDER LIMITING TIME TO PRESENT CLAIMS; EXTENSION") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 316.15?
A common citation format is "Minnesota Statutes § 316.15" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 316.15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.