Minnesota § 316.17 - ENFORCEMENT OF STOCKHOLDERS' LIABILITY; HEARING; NOTICE OF
Full text of Minnesota Minnesota Statutes § 316.17 — ENFORCEMENT OF STOCKHOLDERS' LIABILITY; HEARING; NOTICE OF, with citation guidance and answers to common questions.
§ 316.17. ENFORCEMENT OF STOCKHOLDERS' LIABILITY; HEARING; NOTICE OF
When it shall be made to appear by the petition of a receiver or assignee of a corporation, or of any creditor thereof whose claim has been filed, that any constitutional, statutory, or other liability of stockholders or directors, or both, exists, and that it is necessary to resort to the same, the court shall appoint a time for hearing, not less than 30 nor more than 60 days thereafter, and order such notice thereof to be served on each person against whom such liability is claimed in the same manner a summons is served in a civil action, and said notice shall also be published as the court shall order. Such notice shall specify, in a general way, the nature of the liability claimed in the petition and the amount thereof against the person upon whom it is so served. When the receiver is not the petitioner, personal notice shall be given to the receiver.
History:
(8025) RL s 3184; 1925 c 273 s 1; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 316.17
What does Minnesota Statutes § 316.17 cover?
Section 316.17 ("ENFORCEMENT OF STOCKHOLDERS' LIABILITY; HEARING; NOTICE OF") 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 § 316.17?
A common citation format is "Minnesota Statutes § 316.17" (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 § 316.17 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.