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Business and Commercial Law Research Guide

Including Closely Held Corporations, Sales & UCC Article 2

Closely Held Corporations

A closely held corporation is defined in Minnesota as a corporation which does not have more than 35 shareholders. (Minn. Stat. §302A.011, Subd. 6A). O'Neal and Thompson in their classic treatise:

suggest that "another popular definition states that a close corporation is a corporation whose shares are not generally traded in the securities market." (§1.2).

Catalog Subject Searches

Use these subject headings for searching for publications on closely held corporations in the library catalog (MNCAT)

Close corporations -- United States
Private companies -- United States 

Statutes, Codes & Uniform Laws

Corporation statutes of each state can be found in the individual state statutes sets in the Primary section on the Plaza level of the Library, and are also available online from these databases: Bloomberg Law; Lexis Advance; Westlaw; Bloomberg BNA Tax & Accounting Center; Checkpoint; Corporation Service on CCH Intelliconnect. 

Treatises, Looseleafs, Nutshells & Restatements

Law Reviews & Journals

Many general legal periodicals contain articles on close corporations. The legal periodical indexes and databases below can be searched to retrieve articles covering closely held corporations.


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