MN SF1234

Redefines "business entity" to exclude chapter 318 organizations (business trusts) from the definition.

Modifies state depository fund requirements to only require bonds or collateral security for deposits exceeding applicable deposit insurance coverage limits, rather than all deposits.

Simplifies dissolution and termination certificates for corporations, nonprofits, and limited liability companies by removing date and time requirements and keeping only filing date.

Changes notice procedures for business entities from requiring mailed notice at registered offices to "attempting to provide notice" via mail or email, with 30-day cure periods before revocation.

Eliminates certificate issuance requirements for business trusts and municipal power/gas agencies while maintaining their legal existence upon filing documents with the secretary of state.