Subdivision 1. Procedure; when entered. In an involuntary or supervised voluntary dissolution, the court shall provide for the discharge of obligations and the distribution of the assets as set forth in section 317A.753, subdivision 4, and shall enter a decree dissolving the corporation.
Subd. 2. Effective date. When the decree dissolving the corporation has been entered, the corporation is dissolved.
History:1989 c 304 s 110