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Minnesota Statutes

Minn. Stat. § 7.01 (2026)

[Repealed]

✓ current as of May 2026
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[Repealed, 1Sp1985 c 13 s 376]

Notes of Decisions
Cited in 14 cases (1 in the last 5 years), 1984–2024 · leading case: In re Medtronic, Inc. Shareholder Litig., 900 N.W.2d 401 (Minn. 2017).
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In re Medtronic, Inc. Shareholder Litig., 900 N.W.2d 401 (Minn. 2017). · cites it 3× “, Principles of Corporate Governance: Analysis and Recommendations § 7.01 (a)-(b) (1994) (explaining that an action to redress an injury sustained by a corporation is derivative, while an action to redress an injury sustained by the shareholder is direct).”
PJ Acquisition Corp. v. Skoglund, 453 N.W.2d 1 (Minn. 1990). · cites it 2× “1956); § 7.01(d) of ALI Principles of Corporate Governance: Analysis and Recommendations (Tent.”
Alleco, Inc. v. IBJ Schroder Bank & Trust Co., 745 F. Supp. 1467 (D. Minnesota 1989). · cites it 4× “Section 7.01 of the Indenture provides in relevant part: Events of Default.”
Wessin v. Archives Corp., 592 N.W.2d 460 (Minn. 1999). “The ALI rule is as follows: In the case of a closely held corporation [ ], the court in its discretion may treat an action raising derivative claims as a direct action, exempt it from those restrictions and defenses applicable only to derivative actions, and order an individual…”
Wessin v. Archives Corp., 581 N.W.2d 380 (Minn. Ct. App. 1998). · cites it 2× “Although some of the Wessins’ allegations may not qualify as direct claims, we are satisfied, based on the record and the applicable standard, that the Wessins have alleged at least three claims that meet the criteria for a direct action: (1) fraud and misrepresentation (both…”
Haas v. Harris, 347 N.W.2d 838 (Minn. Ct. App. 1984). “Knepper, Liability of Corporate Offices and Directors, § 7.01 (3d ed. 1978). However, when the agent acts for a partially disclosed principal or on his own for an undisclosed principal, the agent is a party to the agreement and is liable on the contract.”
Graff v. Robert M. Swendra Agency, Inc., 776 N.W.2d 744 (Minn. Ct. App. 2009). “Restatement (Third) of Agency § 7.01 (2006). This liability is based on an agent’s conduct and is justified because persons are responsible for the legal consequences of the torts they commit.”
Cnty. of Ramsey v. Lincoln Fort Road Hous. Ltd. P'ship, 494 N.W.2d 276 (Minn. 1992). · cites it 2× “With respect to whether this property was ever exempt, section 7.01 of the lease explicitly provided that Austin/King would transfer *279 “merchantable title in fee simple” to the Port Authority.”
Roof Depot, Inc. v. Ohman, 638 N.W.2d 782 (Minn. Ct. App. 2002). · cites it 2× “* * * Section 7.01: Inter Vivos Transfers. No shareholder shall, during his lifetime, transfer, encumber, give, pledge, assign, bequeath, sell or otherwise dispose of any portion or all of his stock interest in the Corporation whether voluntarily or involuntarily, directly or…”
C.H. Robinson Worldwide, Inc. v. Tu (D. Minnesota 2020). · cites it 4× “1, Section 7.01.) Further, the agreement provides “the obligations of [Tu] under this Section 7 shall apply anywhere within the United States or any other country in which [Tu] has worked for Employer within the last twelve (12) months of employment with Employer.”
Butler v. City of Saint Paul, 923 N.W.2d 43 (Minn. Ct. App. 2019). · cites it 2× “FACTS Appellant and others gathered signatures in support of a petition to amend section 7.01 of the St. Paul City Charter.”
In Re: RFC & RESCAP Liquidating Trust Litig. (D. Minnesota 2018). “1, RMBS Claims Trust Agreement § 7.01).) Furthermore, ResCap argues that the Trusts, Monolines, and other RFC unsecured creditors “have not been made whole” because they have “only received about 12 cents on the dollar.”
Show all 14 citing cases →
— Minn. Stat. § 7.01(d) — 3 cases
PJ Acquisition Corp. v. Skoglund, 453 N.W.2d 1 (Minn. 1990). “1956); § 7.01(d) of ALI Principles of Corporate Governance: Analysis and Recommendations (Tent.”
Wessin v. Archives Corp., 592 N.W.2d 460 (Minn. 1999). “The ALI rule is as follows: In the case of a closely held corporation [ ], the court in its discretion may treat an action raising derivative claims as a direct action, exempt it from those restrictions and defenses applicable only to derivative actions, and order an individual…”
Alleco, Inc. v. IBJ Schroder Bank & Trust Co., 745 F. Supp. 1467 (D. Minnesota 1989). “Section 7.01 of the Indenture provides in relevant part: Events of Default.”
— Minn. Stat. § 7.01(i) — 1 case
C.H. Robinson Worldwide, Inc. v. Tu (D. Minnesota 2020). “1, Section 7.01.) Further, the agreement provides “the obligations of [Tu] under this Section 7 shall apply anywhere within the United States or any other country in which [Tu] has worked for Employer within the last twelve (12) months of employment with Employer.”
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