Legal Question in Business Law in Minnesota

Corporate law

i am just looking for a book or internet database site with the corporate laws of minnesota and federal laws. I know of the book Model business corporation act annotated. But am wondering if i can find this book to be viewed online. I am trying to find any laws reguarding a corporation that is sueing a shareholder/employee for continuing to work for another company after given notice of termination and is now being sued for coninuing to work in the same field even though the other 2 shareholders have also worked for a competing company in the past.


Asked on 4/19/09, 12:38 pm

2 Answers from Attorneys
Daniel Reiff Reiff Law Office

Re: Corporate law

You can go to the MN Revisor of statutes and review all of the statutes there, but I don't think you'll find what you're looking for. There is a great deal of caselaw regarding breach of fiduciary duty, violation of noncompetes, etc., none of which will be in the statute book. Frankly, that is why lawyers are around; the law is not easily found in one central location but is instead scattered throughout many different authorities.

MY STANDARD DISCLAIMER: This is not intended to be legal advice or to create an attorney-client relationship. No attorney-client relationship is intended until you and I sign a retainer agreement.

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Answered on 4/19/09, 1:21 pm
David Anderson Anderson Business Law LLC

Re: Corporate law

MN Corporations Act will not be instructive in this area.

Was there as Non-compete contract in writing?

Did the SH agreement prohibit such competitive employment?

(3M Shareholders can work for competing medical products mfgrs).

Only Officers, Directors and parties contracting to non-compete would be so barred.

I have handled ( and I am handling) multiple cases in this area.

Call or email for assistance.

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Answered on 4/19/09, 6:18 pm


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