Signed by Governor Mark Dayton, and effective August 1, House Bill 385 makes changes to the Business Corporation Act, Limited Liability Company Act, and Revised Uniform LLC Act regarding conversions. The revision will affect all LLCs organized on or after the effective date. LLCs organized before August 1 continue to be governed by the former LLC Act unless they elect to be governed by the Revised LLC Act. https://www.revisor.mn.gov/laws/?year=2015&type=0&doctype=Chapter&id=39
Minnesota – LLC Revision