Stacy Demskie v. U.S. Bank National Association

Citations

• 7 N.W.3d 382

Syllabus

1. Under the Minnesota notice pleading standard, the allegations in the complaint identifying U.S. Bank, N.A. as a shareholder and describing actions taken by U.S. Bank as facts supporting shareholder status were sufficient to survive a motion for judgment on the pleadings. 2. Because the court is evenly divided on whether beneficial owners of a closely held corporation may initiate an action for a buy-out of their interests under Minnesota Statutes section 302A.751 (2022), we affirm the decision of the court of appeals dismissing appellants' buy-out claim. Affirmed in part, reversed in part, and remanded.