Minnesota § 316.22 - PROCEEDINGS ON FAILURE OF ASSIGNEE OR RECEIVER TO PROSECUTE
Full text of Minnesota Minnesota Statutes § 316.22 — PROCEEDINGS ON FAILURE OF ASSIGNEE OR RECEIVER TO PROSECUTE, with citation guidance and answers to common questions.
§ 316.22. PROCEEDINGS ON FAILURE OF ASSIGNEE OR RECEIVER TO PROSECUTE
If the assignee or receiver shall neglect to begin an action against any stockholder who has failed to pay an assessment, and is not excepted from the present operation of such order, or to diligently prosecute the same, any stockholder who has paid an assessment in full, or any creditor, may petition the court to order such assignee or receiver to prosecute such action against such delinquent stockholder, or to permit such petitioner to begin and maintain or to continue any such action already begun, in the name of such assignee or receiver, for the benefit of such estate; and, if the petitioner shall furnish such security for costs and expenses as the court may direct, it shall either require the assignee or receiver to prosecute such action forthwith, or permit the petitioner to begin and prosecute, or continue the prosecution of the same.
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 § 316.22
What does Minnesota Statutes § 316.22 cover?
Section 316.22 ("PROCEEDINGS ON FAILURE OF ASSIGNEE OR RECEIVER TO PROSECUTE") 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 § 316.22?
A common citation format is "Minnesota Statutes § 316.22" (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 § 316.22 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.