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Dana Silva is the update co-author of chapter 15, “Litigation.” She is an associate at Saul Ewing LLP in Century City. Her current practice focuses primarily on commercial litigation, but she also has years of experience representing employers in all types of employment litigation.

Minnesota has a unique statute that allows minority shareholders in a closely held corporation to initiate an action for a buy-out of their interests. Minn. Stat. § 302A.751, subdivision 2. Under the Minnesota Business Corporation Act, a closely held corporation is a corporation with 35 or fewer...