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2011-2012 Annual Report

Section Membership
As of May 1, 2012, the Business Law Section has 1,166 members.  This is 5 members less than the section had on June 30, 2011.

Financial Status
As of April 30, 2012, the Business Law Section had an account balance, including investments, of $36,210.48.

Continuing Legal Education Programs and Social Events
The Section sponsored or co-sponsored 7 CLE programs in fiscal year 2011 – 2012:

Program Title

Date

Event Code

Credits

# of Attendees

Assessing Nonprofits' Legal Needs (co-sponsored w/LegalCORPS)

4/3/12

165441

2.5 Standard
.5 Ethics

39

A Primer on Political Law for the Business Lawyer (co-sponsored with the Corporate Counsel Section)

3/28/12

164575

1.0 Ethics

28

Exploring Careers in Business Law

3/28/12

164918

1.0 Prof Dev.

66

Opportunities at the Intersection of Law and Business (co-sponsored w/the Corporate Counsel Section, The Hachey Initiative, and The Center for Law & Business at William Mitchell College of Law)

11/17/11

161766

1.0 Prof Dev.

67

The new Dodd Frank ban on “abusive” acts and practices: No, you don’t know it when you see it (co-sponsored with the Consumer Litigation Section).

11/14/11

161262

1.0

34

Digital Death: Can Estates or Heirs Gain Access to Online Pictures, Social Networks, Emails, and Accounts? (co-sponsored w/Probate & Trust and Computer & Technology Law Sections)

9/29/11

159166

1.5

123

The New Amendments to UCC Article 9 in Minnesota (co-sponsored with the Ag Law Section)

9/12/11

158848

1.0

66


Legislation and Amicus Briefs
The Section did not submit legislative proposals or amicus briefs in 2011 – 2012.

Annual Meeting and Election Results
The Section’s annual meeting and elections were held on May 9 at the 2012 Business Law Institute.

The following individuals were elected to serve as officers of the Section in 2012 – 2013:

Karen L. Grandstrand, Fredrikson & Byron PA, Chair   
Michael A. Stanchfield, Faegre Baker Daniels LLP, Vice-Chair 
Heidi M. Neff Christianson, Moore Costello & Hart PLLP, Secretary  
William D. Klein, Gray Plant Mooty Mooty & Bennett PA, Treasurer     

The following individuals were elected to serve from July 1, 2012 thru June 30, 2016:

Joseph T. Green, TCF Financial Corporation
Jonathan LH Nygren, Faegre Baker Daniels LLP

Other Section Accomplishments
In addition to CLE programs, the Section participated in law student outreach at William Mitchell and the University of Minnesota Law School.

Also, the Section made a $10,000 contribution to LegalCORPS to help support the organization’s business pro bono programs.

Submitted By:  Dennis Knoer, Section Chair

 

 

 

 

MSBA Business Law Section
Annual Report
2010-11

Section Membership
As of June 16, 2011, the Business Law Section has 1181 members.  This accounts for a 3% decrease in membership since July 1, 2010.

Financial Status
The Business Law Section had an account balance of $48,622.31 as of April 30, 2011. 

Continuing Legal Education Programs and Social Events
The Section hosted six CLE programs in fiscal year 2010-11. 

 Program Date

Program Title

CLE Event Code and Credit

# of Attendees

10/20/2010

Cooperative Businesses and Minnesota Law

148983; 2.0 Standard

32

11/11/2010

Advising Distressed Small Businesses

149644; 3.0 Standard

37

3/23/2011

Residential Short Sales and Other Alternatives to Foreclosures (co-sponsored w/ Real Property)

153722; 3.0 Standard

126

4/15/2011

The Consumer Operated and Oriented Plans (CO-OP) Section of the Affordable Care Act and What it Could Mean for Minnesota (co-sponsored with Health Law)

154561; 1.5 Standard

43

4/26/2011

Opinions in Commercial Finance Transactions

154946; 1.0 Standard

44

5/23/2011

Troubled Commercial Loans: Issues and Options | Borrow, Lender, and Third Party Perspective (co-sponsored w/Real Property)

155935; 3.5 Standard

73

Legislation and Amicus Briefs
Please click here for a summary of the Section’s legislative work in 2010-11.  The Section did not submit any amicus briefs in 2010-11.

Annual Meeting and Election Results
The Section’s annual meeting and elections were held on May 6, 2011, at 10:15 a.m. at the 2011 Business Law Institute in Minneapolis, MN.

The following individuals were elected to serve as officers of the Section in 2011-12:

Chair: Dennis Knoer
Vice Chair: Karen Grandstrand
Secretary: Mike Stanchfield
Treasurer: Heidi Neff-Christianson

The following individuals were elected to serve from July 1, 2011 – June 30, 2015, on the Section Council:

Karen Grandstrand (second term)
Marie Feely (first term)

The Section’s 2011-12 MSBA Assembly representative and alternate are:

Karen Grandstrand (representative)
Dennis Knoer (alternate)

Other Section Accomplishments
In addition to the Section’s legislative work and CLE programs, the Section participated in outreach to law students in conjunction with LegalCORPs.  The Section also made a $10,000 contribution to LegalCORPs to help support the organization’s business pro bono programs.

Submitted By:
Jennifer Reedstrom-Bishop, Section Chair

MSBA BUSINESS LAW SECTION
Annual Report
(2009 – 2010)

Submitted by C. Robert Beattie, Chair of the MSBA Business Law Section, 2009 - 2010

Membership:  The Section had 1,232 members during the year ended June 30, 2010.

Continuing Legal Education
The section hosted or co-sponsored the following CLEs:

Security Interests in Intellectual Property, September 23, 2009
Finding Your Tweet Zone, Balancing the Benefits and Risks of Business Social Networking, November 10, 2009
Cooperative Businesses and Minnesota Law, April 21, 2010
Treatment of Secured Creditors in Bankruptcy, June 3, 2010

In addition, the Section or its Committees collaborated with Minnesota CLE in presenting the annual Business Law Institute, the annual Banking Law Institute, a program on Nonprofit Corporations, and a program on Loan Documentation.

Pro Bono/Volunteer Service Activities:
The Pro Bono Committee continued to provide information to its members, including by means of a presentation at the annual Business Law Institute, of pro bono opportunities available for business lawyers.  A representative of the Section serves on the Board of Directors of LegalCorps, and the Section provided LegalCorps $10,000 of financial support during the past year.  The Section also contributed $2,500 to the MSBA Haiti relief fund and $2,500 in support of the MSBA’s mock trial and community education program.  The Section also provided ongoing support to the Office of the Secretary of State of the State of Minnesota in conjunction with its computerization of corporate records project. 

Section Newsletter/Publication:
The Section has established a new Communications Committee which will be reviewing alternative means of communicating with members in future years. 

Council Meetings
:
The Business Law Section Council, together with Chairs of Section Committees, met six times during the course of the year to review Section and Committee activities.

Annual Meeting
:
The annual meeting of members of the Business Law Section was held in conjunction with the Business Law Institute on May 10, 2010.

Election Results:
The members attending the annual meeting elected the following council members to serve terms from July 1, 2010 through June 30, 2014:

Heidi Neff Christianson
Michael A. Stanchfield

The following persons were elected by the Council to hold the positions indicated for 2010 – 2011:

Jennifer Reedstrom Bishop, Chair
Dennis L. Knoer, Vice Chair
Karen L. Grandstand, Secretary
Michael A. Stanchfield, Treasurer

The Section's MSBA Assembly representative for 2010-2011 will be Dennis L. Knoer, Vice Chair of the Section.

Fiscal Status:
The Section finished the year ended June 30, 2010 with approximately $55,000 on hand, including investments.

Miscellaneous:
The Section, acting through several of its Committees, prepared amendments to Chapters 302A (Business Corporations), 317A (Nonprofit Corporations), and 322B (Limited Liability Companies) which were adopted by the Legislature in the 2010 legislative session and signed into law by Governor Pawlenty.  The Section acknowledges the assistance of the Office of the Secretary of State in conjunction with moving the legislation forward. 

During the 2009-2010 year, the Section organized a new substantive law committee focusing on cooperative law.

Each of the following Committees of the Section was active during the course of the past fiscal year:  Business/Corporations Committee, Nonprofit Organizations Committee, Banking Law Committee, Securities Law Committee, Partnership and LLC Committee, Uniform Commercial Code and Commercial Finance Committee, Franchising and Distribution Committee, Electronic Commerce Committee, and Cooperative Law Committee.

Click here to view archived reports.

 

 

2007-08 Annual Report

The Business Law Section had a strong 2007-2008 fiscal year on a number of fronts including the following:

1.         Legislation.  The Section initiated and sponsored legislation to permit non-profit LLCs to be formed in Minnesota from and after 2009.  The legislation was enacted in the 2008 legislative session.  This was the culmination of several years of effort by several Section committees and involved significant discussions with the Attorney General’s office and various legislative contacts.  The legislation is effective for non-profit LLCs formed after January 1, 2009.  We are hopeful of amending the legislation in the 2009 session to permit LLCs formed prior to 2009 to elect non-profit status.

The Business Law Section was also responsible for enacting legislation in the 2008 session updating and amending relevant provisions of the Minnesota Business Corporation Act (Chapter 302A) and the Minnesota Limited Liability Company (Chapter 322B).

2.         Pro Bono Activities.  The Business Law Section studied the need for additional resources for minority business, microbusiness and small non-profit interests.  Working closely with the existing LegalCorps organization, the Section formed a Business Pro Bono Committee with a charge to identify and address needs within the minority business, microbusiness and small non-profit industries that are not being addressed through currently available resources. 

3.         Continuing Legal Education.  The Business Law Section sponsored a number of luncheon CLE courses during the past year, including excellent presentations by the UCC Committee and the Banking Law Committee (i.e., the Banking Law Institute).  The Non-Profit Corporations Committee also co-hosted an excellent seminar pertaining to the status of real property tax exemptions for non-profits.  Finally, as always, the Business Law Section played a significant planning role in connection with the annual Business Law Institute co-sponsored with Minnesota CLE.

The Business Law Section continues to welcome participation by interested persons and looks forward to providing continuing services and support to Business Law Section members and the greater Bar as a whole.

Respectfully submitted,

Lloyd G. Kepple
Chair, 2007-2008

MINNESOTA STATE BAR ASSOCIATION
BUSINESS LAW SECTION
2005-2006 ANNUAL REPORT


The Business Law Section is governed by a 10-member executive council that meets in
the odd-numbered months. The officers for the year were David Vander Haar, chair;
Phillip Kunkel, vice chair; Lloyd Kepple, secretary; and Ernest Patrick Shriver, treasurer.
The other members of the executive council were Mary Bierkamp, Professor Daniel
Kleinberger, Gaylen Knack, Thomas Lovett, IV, Professor Linda Rusch, and Lori
Sommerfield.

The Section this year sponsored legislation updating the Minnesota Business Corporation
Act, Chapter 302A, and parallel changes to the Minnesota Limited Liability Company
Act, Chapter 322B. The Section also made recommendations with respect to amendments
to the Uniform Securities Act and continued to monitor changes to Article 2 and 2A of
the Uniform Commercial Code.

The Section approved amendments to its bylaws, spearheaded by past chair, Katie
Engler.

The Section continued to partner with Minnesota CLE in presenting the Business Law
Institute. This year the session was held at the Minneapolis Convention Center on May 2
and 3, 2006. It featured a number of national and local speakers who presented a variety
of business topics. The Banking Committee also sponsored the Banking Law Institute on
March 6, 2005 that was well received.

Noontime CLEs were offered by several committees on topics ranging from banking law
to the Uniform Commercial Code. The Section continues to publish a newsletter for its
members and recruited a new chair for a Section committee and a new newsletter
editor.The Section made a $3,000 contribution to the Bar's Katrina Relief Fund and a
$3,000 contribution to Legal Services Corp.

The committees of the section were:
Business/Professional Corporations - Mike Stanchfield, chair, and Steve Quinlivan, vicechair
Nonprofit Corporations - Jennifer Reedstrom Bishop, chair
Banking - Lori Sommerfield and Karen Grandstrand, co-chairs
Securities - Timothy Hearn, chair; Thomas Lovett, vice chair
Partnerships/LLCs - Lloyd Kepple and William Klein, co-chairs
UCC - Phillip Kunkel and Robert Beattie, co-chairs
Franchising and Product Distribution - Gaylen Knack, chair; Jonathan Toronto, vice chair
Technology - Pat Shriver, chair
The newsletter editors were Laura S. Carlson, David Dean, Sean Kearney and Mark
Gleeman.
The legislative liaison was Dennis Knoer.
The business pro bono coordinator was Thomas Lovett.

The Section had a successful year and will continue to provide services that are of benefit
to its members.

Respectfully submitted,
David M. Vander Haar, Chair

MSBA Business Law Section
2004-2005 Annual Report

The Business Law Section is governed by a 10-member executive council that meets in the odd-numbered months. The officers for the year were Katherine Engler, chair; David Vander Haar, vice chair; Phillip Kunkel, secretary; and Lloyd Kepple, treasurer. The other members of the executive council were Mary Bierkamp, Professor Daniel Kleinberger, Gaylen Knack, Thomas Lovett, IV, Professor Linda Rusch, and John Steffen, past chair.

The most celebrated accomplishment of the year was the completion of the work of the Chapter 300 committee with the passage of 2005 Session Laws chapter 69. The new law, which is effective August 1, 2006, will repeal Minnesota Statutes, chapter 300 and moves general governing provisions for banks, insurance companies and public utilities to other chapters of Minnesota Statutes. This is the culmination of more than five years of effort and the Section thanks all the members of Ed Drenttel's committee who volunteered their expertise and time.

Another significant accomplishment for the year was the initiation of contact with the business law faculty at the four law schools. A "get acquainted" event was held in April 2005 and the Section hopes to persuade professors to contribute to Section activities including serving on committees, making CLE presentations, writing articles for the Section newsletter and encouraging their students to become active in the Section.

The Section continued to cooperate with Minnesota CLE in presenting the Business Law Institute. This year the session was held at the Minneapolis Convention Center on April 19 and 20, 2005. It featured a number of national and local speakers who presented a variety of business topics. The Banking Committee also sponsored the Banking Law Institute in March 2005 that was well received.

Noontime CLEs were offered by several committees on topics ranging from banking law to the Uniform Commercial Code.

The Section reviewed two major Uniform Acts in anticipation of the 2005 legislative session. Section members expect that the Uniform Securities Act and Articles 2 and 2A of the Uniform Commercial Code will be heard in the 2006 session.

Near the end of the year, representatives of the Section became involved with the Tax and Real Property Sections of MSBA to work with the Minnesota Department of Revenue on proposed changes to the taxability of transfers between the sole member of a limited liability company and the LLC. The Section expects that this will work continue in preparation for the 2006 session.

The Section continues to publish a newsletter for its members and recruited several new chairs for Section committees, a new legislative liaison and a new newsletter editor.

The committees of the section were:

Business/Professional Corporations - Mike Stanchfield, and Steve Quinlivan, co-chairs
Nonprofit Corporations - Jennifer Reedstrom Bishop, chair
Banking - Lori Sommerfield and Karen Grandstrand, co-chairs
Securities - Timothy Hearn, chair; Thomas Lovett, vice chair
Partnerships/LLCs - Lloyd Kepple, chair
UCC - Phillip Kunkel and Robert Beattie, co-chairs
Franchising and Product Distribution - Gaylen Knack, chair; Jonathan Toronto, vice chair
Technology - Pat Shriver, chair

The newsletter editors were:

Laura S. Carlson, Sean Kearney and Mark Gleeman

The legislative liaison was Dennis Knoer

The Section had a successful year and will continue to provide services that are of benefit to its members.

Respectfully submitted,

Katherine Engler, Chair


MINNESOTA STATE BAR ASSOCIATION
BUSINESS LAW SECTION
2003-2004 ANNUAL REPORT
Back to Section Website

This is the informational report containing a summary of the activities of the MSBA Business Law Section during the fiscal year beginning July 1, 2003. Some of the activities of the Business Law Section and its Committees were as follows:

1. The Section produced the annual Business Law Institutes in cooperation with Minnesota CLE. Several hundred lawyers attended the Institute, which was held at the Minneapolis Convention Center on May 12 and 13, 2004. The Institute featured many national and local speakers who gave presentations on a variety of business law topics.

2. The Section presented several seminars in Minneapolis including the Banking Law Institute and also presented a seminar in St. Cloud, the first annual Greater Minnesota Business Law Institute.

3. The Section reviewed proposed Minnesota legislation on a variety of subjects, including the Revised Uniform Limited Partnership Act, Chapter 300, legislation affecting nonprofits, amendments to the Business Corporations Act, and others.

4. The Section maintained liaison with the Minnesota Secretary of State, the Minnesota Department of Commerce, and the MSBA New Lawyers Section. Representatives of the Section participated on the MSBA Business Pro Bono Task Force, and the NCCUSL Cross-Entity Transactions Drafting Committee.

5. The Section published business law newsletters for its members. The Section also updated pamphlets on business organizations to be used by the general public at the Secretary of State's Office.

6. The Section increased its annual membership dues from $15 to $20, effective July 1, 2004.

7. The Section officers were John Steffen, Chair, Katie Engler, Vice Chair, Dave Vander Harr, Secretary, and Philip Kunkel, Treasurer. The Section Executive Council, which met on the third Wednesday of every other month in addition to special meetings, included the four officers and Mary Bierkamp, Professor Dan Keinberger, Gaylen Knack, Tom Lovett, Professor Linda Rusch and John Yilek. John Yilek served as Past Chair, and Lisa Holter was the Legislative Coordinator. The newsletter editors were Frank Bennett, Laura Carlson, and Sean Kearney. Phil Kunkel coordinated Greater Minnesota activities. The Section's liaison were Bert Black (Office of the Secretary of State), Donna Watz (Commerce Department), Cam Hoang (MSBA New Lawyers Section), Tom Lovett and Professor Dan Kleinberger (MSBA Business Pro Bono Task Force), Professor Dan Kleinberger (NCCUSL), and Renee Anderson (MSBA). The Section also worked closely with Lloyd Grooms, the MSBA Lobbyist at the Minnesota Legislature.
8. Many of the Section activities were conducted by the following Committees of the Section:

" Banking: Mary Bierkamp and Lori Sommerfield, Co-Chairs.
" Business/Professional Corporations: Dave Vander Haar, Chair, Steve Rubin, Vice Chair.
" Chapter 300: Ed Drenttel, Chair.
" Franchising and Product Distribution: Gaylen Knack, Chair.
" Non-Profit Organizations: Claire Topp and Jennifer Reedstrom Bishop, Co-Chairs.
" Partnerships/LLCs: Lloyd Kepple, Chair.
" Securities: Tim Hearn, Chair, Tom Lovett, Vice Chair.
" Technology: Pat Shriver, Chair.
" Uniform Commercial Code: Phil Kunkel, Chair.

In summary, the Section enjoyed a very successful year.

Respectfully submitted,


John K. Steffen
Chair, MSBA Business Law Section


MINNESOTA STATE BAR ASSOCIATION
BUSINESS LAW SECTION
2002-2003 ANNUAL REPORT

This is the informational report containing a summary of the activities of the MSBA Business Law Section during the fiscal year beginning July 1, 2002. Some of the many activities of the Business Law Section and its Committees were as follows:

1. The Section produced the annual Business Law Institute in cooperation with Minnesota CLE. Several hundred lawyers attended the Institute, which was held at the Minneapolis Convention Center on May 12-13, 2003. The Institute featured many national and local speakers who gave presentations on a variety of business law topics.

2. The Section presented several luncheon seminars in downtown Minneapolis on topics ranging from corporate and securities law to the Uniform Commercial Code.

3. The Section conducted a survey of its members from Greater Minnesota, and made preparations for a series of business law seminars in St. Cloud and other cities throughout the state.

4. The Section established an e-mail discussion list which its members can use to discuss business law. The Section also improved the content of its website.

5. The Section reviewed proposed Minnesota legislation on a variety of subjects, including Articles 1, 3 and 4 of the UCC, the central notification system for filing on agricultural property, the Revised Uniform Limited Partnership Act, the Cooperative Act, Chapter 300, funding of the Office of the Minnesota Secretary of State, a proposal to allow Minnesota limited liability companies to engage in nonprofit activities, proposed amendments to the Business Corporations Act, and the Uniform Securities Act.

6. The Section maintained liaison with the Minnesota Secretary of State, the Minnesota Department of Commerce, and the MSBA New Lawyers Section. Representatives of the Section participated on the MSBA Business Pro Bono Task Force, and the NCCUSL Cross-Entity Transactions Drafting Committee.

7. The Section published business law newsletters for its members. The Section also prepared pamphlets on business organizations and UCC filings to be used by the general public at the Secretary of State's Office.

8. For the first time in many years, the Section increased its annual membership dues from $12 to $15, effective July 1, 2003. The Section also participated in the MSBA program to give dues discounts to new MSBA members.

9. The Section officers were John Yilek, Chair, John Steffen, Vice Chair, Katie Engler, Secretary, and Dave Vander Haar, Treasurer. The Section Executive Council, which met on the third Wednesday of every other month in addition to special meetings, included the four officers and Mary Bierkamp, Professor Dan Kleinberger, Gaylen Knack, Phil Kunkel, and Tom Lovett. Bert Ranum served as Past Chair, and Lisa Holter was the Legislative Coordinator. The newsletter editors were Frank Bennett, Laura Carlson, and Sean Kearney. Phil Kunkel coordinated Greater Minnesota activities. The Section's liaison were Bert Black (Office of the Secretary of State), Donna Watz (Commerce Department), Cam Hoang (MSBA New Lawyers Section), Tom Lovett and Professor Dan Kleinberger (MSBA Business Pro Bono Task Force), Professor Dan Kleinberger (NCCUSL), and Mike Trittipo and Meghan Harper (MSBA). The Section also worked closely with Lloyd Grooms, the MSBA Lobbyist at the Minnesota Legislature.

10. Many of the Section activities were conducted by the following Committees of the Section:

- Banking: Mary Bierkamp and Lori Sommerfield, Co-Chairs.
- Business/Professional Corporations: Dave Vander Haar, Chair, Steve Rubin, Vice Chair.
- Chapter 300: Ed Drenttel, Chair.
- Franchising and Product Distribution: Gaylen Knack, Chair.
- Non-Profit Organizations: Claire Topp and Jennifer Reedstrom Bishop, Co-Chairs.
- Partnerships/LLCs: Lloyd Kepple, Chair.
- Securities: Tim Hearn, Chair, Tom Lovett, Vice Chair.
- Technology: Pat Shriver, Chair.
- Uniform Commercial Code: Phil Kunkel, Chair.

In summary, the Section enjoyed a very successful year.

Respectfully submitted,

John A. Yilek
Chair, MSBA Business Law Section


 

MSBA Business Law Section
2000-01 Annual Report

The Section is governed by a 10-member executive council which meets every other month. L The officers of the council during the past year were Carol Thacher, Chair; Robert Ranum, Vice-Chair; John Yilek, Secretary and John Steffen, Treasurer. Also serving on the council were Mary Bierkamp, Katherine Engler, Professor Daniel Kleinberger, Gaylen Knack, Thomas Lovett and David Vander Haar.

Standing Committees

The council has the following eight standing committees:

Banking Law Committee The Banking Law Committee was chaired by Mary Bierkamp. Andrea Fike was the Vice-Chair. The Committee was very active this year making presentations to the banking community and with the UCC Committee on Revised Article 9. It also continues to monitor new banking legislation and present seminars on commercial lending.

Business and Professional Corporations Committee This Committee was chaired by David Vander Haar. Steven Rubin was Vice-Chair. The Committee monitors new legislation affecting business and professional corporations and in the fall of 2001 intends to once again discuss and propose technical corrections to Minnesota’s corporate statutes.

Partnerships, Limited Partnerships and Limited Liability Companies Committee Professor Daniel Kleinberger chaired this Committee. It is particularly active in monitoring and drafting changes to applicable law. This year it directed its attention to a model member control agreement for a partnership-model limited liability company, considering whether limited liability companies should be organized for nonprofit purposes and reviewing cross-entity mergers.

Securities Law Committee The Securities Committee was chaired by Tom Lovett. It decided it could better monitor and report on securities laws by reorganizing the committee. Thus, its former subcommittees were eliminated. Responsibility for both state and federal securities laws remains with this Committee while the responsibilities of the franchising subcommittee were transferred to a new standing committee. The Committee is increasing its members and planning luncheon meetings to include an SEC speaker.

Franchising and Product Distribution Committee This Committee resulted from a reorganization of the Securities Law Committee and was chaired by Gaylen Knack. In addition to activities related to the formation of the Committee, Mr. Knack monitored and forwarded the Business Law Section’s position on legislation affecting franchising.

Uniform Commercial Code Committee This Committee was chaired by Philip Kunkel. It was extremely busy this year co-sponsoring a series of lunch programs on Revised Article 9. In addition it worked closely with the Legislature to enact revisions to Minnesota’s agricultural lien statutes and to make technical corrections to Revised Article 9 and conforming amendments to other related Minnesota statutes.

Nonprofit Corporation Committee Claire Topp chaired the Nonprofit Corporation Committee which was very active this year monitoring and providing expert opinions to legislators on legislation affecting nonprofit corporations, including the proposed Uniform Unincorporated Nonprofit Association Act. The Committee also drafted annotated nonprofit corporation articles and bylaws.

Technology This Committee is newly created and chaired by Ernest (Pat) Shriver. With the assistance of the MSBA, the Committee created electronic mail "listservs" for use by the Business Law Section Executive Council and the various committees of the Business Law Section. The Committee is also exploring ways to increase electronic communication with Business Law Section members, including elect ronic distribution of the Section’s quarterly newsletter.

 

Projects

Newsletter The Business Law Section continued to publish the newsletter on a quarterly basis. We sadly wished our long-time editor, Paul Van Valkenberg, well as he retired from the practice of law and from his responsibilities as co-editor with Frank Bennett. The following new editors were appointed to replace Paul: Laura Carlson, Sean Kearney and India Boulton.

Legislation Lisa Holter, the Section’s legislative coordinator, assisted the Franchise Committee Chair in responding to proposed franchise legislation and the Chair of the Nonprofit Corporation Committee in responding to proposed legislation affecting Chapter 317A.

Business Law Institute The annual Business Law Institute held in April was, once again, extremely successful with over 400 attending. The Institute includes speakers with a national reputation as well as local experts on business law issues. This year there were over 20 breakout sessions to meet the diverse needs of business law practitioners. Topics included multi-disciplinary practice, corporate ethics, e-commerce taxes, internet research and a case law update.

Business Law Education for Judges Gene Hennig, Thomas Feinberg and Carol Thacher participated in a subcommittee planning a curriculum to assist trial judges in understanding business law issues. There will be a variety of topics including Chapter 302A, Revised Article 9 of the UCC and an analysis of financial statements.

Tax on Legal Services John Steffen represented the Business Law Section on a MSBA task force opposing the proposed extension of the sales tax to legal services.

MSBA Habitat for Humanity Project The Business Law Section donated $5,000 to assist the MSBA staff, sections, committees and law firms build a Habitat for Humanity house.

New Officers The new officers of the Business Law Section for the 2001-2002 term are: Robert Ranum, Chair; John Yilek, Vice Chair; John Steffen, Secretary and Katie Engler, Treasurer.


MSBA Business Law Section
1996-97 Annual Report

The Section is governed by a 10-member executive council which meets every other month. The officers of the council during the past year were Phil Garon, chair; Deanne Greco, vice chair; Tom Feinberg, secretary; and Gene Hennig, treasurer. Also serving on the council were Frank Bennett, Ken Bonneville, Lee Hanson, Jim Hogg, Berg Ranum, and Carol Thacher.

Standing Committees
The Council has the following six standing committees:

Banking Law Committee. The Banking Law Committee was chaired by John Yilek. Mary Beirkamp was the vice chair. It was very active during the past year and held meetings dealing with new banking legislation and confidentiality of bank records. Its members have assisted with seminars on commercial lending and lender liability and on workouts and bankruptcy.

Business and Professional Corporations Committee. The Business and Professional Corporations Committee was chaired by Tom Feinberg. The vice chair was Sue Jacobson. Most of its activity was directed toward the section's 1997 Business Law Institute discussed below.

Partnerships, Limited Partnerships and Limited Liability Companies Committee. John Steffen chaired the Partnerships, Limited Partnerships and Limited Liability Companies Committee. This committee has been very active in proposing and revising Minnesota legislation relating to the limited liability company statute and limited liability partnerships and in considering the Revised Uniform Partnership Act that was enacted this year.

Securities Law Committee. The Securities Law Committee was chaired by Tom Lovett. Michele Vaillancourt chaired the Federal Securities Subcommittee. Chuck Ptuznick chaired the State Securities Subcommittee, and Gaylen Knack chaired the Franchise Subcommittee. Michele planned a luncheon seminar this year on the 1996 securities act amendments and a seminar on recent developments and proposals in corporate finance at which a representative from the Securities Exchange Commission spoke.

Uniform Commercial Code Committee. The chair of the Uniform Commercial Code Committee was Dave Mitchell. The committee reviewed revised Article 5 of the UCC this year and the committee continues to monitor the efforts to revise Articles 2 and 9.

Nonprofit Corporation Committee. The Executive Committee revived the Nonprofit Corporation Committee during the past year. Claire Topp chairs the committee.

Projects

Newsletter. The section continued to publish the newsletter on a quarterly basis -- an extraordinary effort by its editors, Paul Van Valkenberg and Frank Bennett.

Secretary of State Pamphlet. Primarily through the efforts of Paul Van Valkenberg and Katie Engler from the Secretary of State's office, the section also published a pamphlet on business organizations for distribution by the Secretary of State. Katie has informed us that the pamphlet is very popular. The section is working on a similar UCC publication.

Law School Outreach. The section conducted a Business Law Outreach Program headed by Gene Hennig. Members of the section spoke to law students this year at each of the three Minnesota law schools on the practice of business law.

Legislation. The section was very active on the legislative front. Headed by the efforts of our legislative coordinator, Bert Ranum, and by Tom Feinberg and Dan Kleinberger, the Executive Council formed ad hoc committees which recommended revisions to the Minnesota Business Corporation Act and prepared the Professional Firms Act, which will eventually replace the current Minnesota statute on professional corporations. Both the amendments to the Minnesota Business Corporation Act and the Professional Firms Act passed the Legislature this year.

Business Law Institute. The 1997 Business Law Institute was a tremendous success. Over 360 lawyers attended the two-day Institute, which was the largest attendance by far since the Business Law Section and Minnesota CLE began co-sponsoring the Institute. The cochairs of the Institute were Tim Baer, Sue Jacobson, Steve Kutscheid, Bruce Mooty, and John Yilek. Their efforts were outstanding. Thirty-five faculty members spoke at the Institute. The speakers included Lou Kling from Skadden, Arps, Slate, Meagher and Flom; Dr. Sung Won Sohn, chief economist of Norwest Corporation; Robert Stein, executive director of the American Bar Association; and several members of the Business Law Section. The Institute included 23 breakout sessions on a variety of business law matters.

New Officers. The new officers of the Business Law Section for the 1997-1998 term are: Deanne Greco, chair; Tom Feinberg, vice chair; Gene Hennig, secretary; and Carol Thacher, treasurer.

New Executive Council Member. Katie Engler has been elected to the Executive Council to replace Lee Hanson, a former Business Law Section chair, whose term has expired.

Philip S. Garon,
Chairperson

- Last Updated 08/08/06 -

 

 

 

 

 

 

 

MSBA Business Law Section
2004-2005 Annual Report

The Business Law Section is governed by a 10-member executive council that meets in the odd-numbered months. The officers for the year were Katherine Engler, chair; David Vander Haar, vice chair; Phillip Kunkel, secretary; and Lloyd Kepple, treasurer. The other members of the executive council were Mary Bierkamp, Professor Daniel Kleinberger, Gaylen Knack, Thomas Lovett, IV, Professor Linda Rusch, and John Steffen, past chair.

The most celebrated accomplishment of the year was the completion of the work of the Chapter 300 committee with the passage of 2005 Session Laws chapter 69. The new law, which is effective August 1, 2006, will repeal Minnesota Statutes, chapter 300 and moves general governing provisions for banks, insurance companies and public utilities to other chapters of Minnesota Statutes. This is the culmination of more than five years of effort and the Section thanks all the members of Ed Drenttel's committee who volunteered their expertise and time.

Another significant accomplishment for the year was the initiation of contact with the business law faculty at the four law schools. A "get acquainted" event was held in April 2005 and the Section hopes to persuade professors to contribute to Section activities including serving on committees, making CLE presentations, writing articles for the Section newsletter and encouraging their students to become active in the Section.

The Section continued to cooperate with Minnesota CLE in presenting the Business Law Institute. This year the session was held at the Minneapolis Convention Center on April 19 and 20, 2005. It featured a number of national and local speakers who presented a variety of business topics. The Banking Committee also sponsored the Banking Law Institute in March 2005 that was well received.

Noontime CLEs were offered by several committees on topics ranging from banking law to the Uniform Commercial Code.

The Section reviewed two major Uniform Acts in anticipation of the 2005 legislative session. Section members expect that the Uniform Securities Act and Articles 2 and 2A of the Uniform Commercial Code will be heard in the 2006 session.

Near the end of the year, representatives of the Section became involved with the Tax and Real Property Sections of MSBA to work with the Minnesota Department of Revenue on proposed changes to the taxability of transfers between the sole member of a limited liability company and the LLC. The Section expects that this will work continue in preparation for the 2006 session.

The Section continues to publish a newsletter for its members and recruited several new chairs for Section committees, a new legislative liaison and a new newsletter editor.

The committees of the section were:

Business/Professional Corporations - Mike Stanchfield, and Steve Quinlivan, co-chairs
Nonprofit Corporations - Jennifer Reedstrom Bishop, chair
Banking - Lori Sommerfield and Karen Grandstrand, co-chairs
Securities - Timothy Hearn, chair; Thomas Lovett, vice chair
Partnerships/LLCs - Lloyd Kepple, chair
UCC - Phillip Kunkel and Robert Beattie, co-chairs
Franchising and Product Distribution - Gaylen Knack, chair; Jonathan Toronto, vice chair
Technology - Pat Shriver, chair

The newsletter editors were:

Laura S. Carlson, Sean Kearney and Mark Gleeman

The legislative liaison was Dennis Knoer

The Section had a successful year and will continue to provide services that are of benefit to its members.

Respectfully submitted,

Katherine Engler, Chair


MINNESOTA STATE BAR ASSOCIATION
BUSINESS LAW SECTION
2003-2004 ANNUAL REPORT
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This is the informational report containing a summary of the activities of the MSBA Business Law Section during the fiscal year beginning July 1, 2003. Some of the activities of the Business Law Section and its Committees were as follows:

1. The Section produced the annual Business Law Institutes in cooperation with Minnesota CLE. Several hundred lawyers attended the Institute, which was held at the Minneapolis Convention Center on May 12 and 13, 2004. The Institute featured many national and local speakers who gave presentations on a variety of business law topics.

2. The Section presented several seminars in Minneapolis including the Banking Law Institute and also presented a seminar in St. Cloud, the first annual Greater Minnesota Business Law Institute.

3. The Section reviewed proposed Minnesota legislation on a variety of subjects, including the Revised Uniform Limited Partnership Act, Chapter 300, legislation affecting nonprofits, amendments to the Business Corporations Act, and others.

4. The Section maintained liaison with the Minnesota Secretary of State, the Minnesota Department of Commerce, and the MSBA New Lawyers Section. Representatives of the Section participated on the MSBA Business Pro Bono Task Force, and the NCCUSL Cross-Entity Transactions Drafting Committee.

5. The Section published business law newsletters for its members. The Section also updated pamphlets on business organizations to be used by the general public at the Secretary of State's Office.

6. The Section increased its annual membership dues from $15 to $20, effective July 1, 2004.

7. The Section officers were John Steffen, Chair, Katie Engler, Vice Chair, Dave Vander Harr, Secretary, and Philip Kunkel, Treasurer. The Section Executive Council, which met on the third Wednesday of every other month in addition to special meetings, included the four officers and Mary Bierkamp, Professor Dan Keinberger, Gaylen Knack, Tom Lovett, Professor Linda Rusch and John Yilek. John Yilek served as Past Chair, and Lisa Holter was the Legislative Coordinator. The newsletter editors were Frank Bennett, Laura Carlson, and Sean Kearney. Phil Kunkel coordinated Greater Minnesota activities. The Section's liaison were Bert Black (Office of the Secretary of State), Donna Watz (Commerce Department), Cam Hoang (MSBA New Lawyers Section), Tom Lovett and Professor Dan Kleinberger (MSBA Business Pro Bono Task Force), Professor Dan Kleinberger (NCCUSL), and Renee Anderson (MSBA). The Section also worked closely with Lloyd Grooms, the MSBA Lobbyist at the Minnesota Legislature.
8. Many of the Section activities were conducted by the following Committees of the Section:

" Banking: Mary Bierkamp and Lori Sommerfield, Co-Chairs.
" Business/Professional Corporations: Dave Vander Haar, Chair, Steve Rubin, Vice Chair.
" Chapter 300: Ed Drenttel, Chair.
" Franchising and Product Distribution: Gaylen Knack, Chair.
" Non-Profit Organizations: Claire Topp and Jennifer Reedstrom Bishop, Co-Chairs.
" Partnerships/LLCs: Lloyd Kepple, Chair.
" Securities: Tim Hearn, Chair, Tom Lovett, Vice Chair.
" Technology: Pat Shriver, Chair.
" Uniform Commercial Code: Phil Kunkel, Chair.

In summary, the Section enjoyed a very successful year.

Respectfully submitted,


John K. Steffen
Chair, MSBA Business Law Section


MINNESOTA STATE BAR ASSOCIATION
BUSINESS LAW SECTION
2002-2003 ANNUAL REPORT

This is the informational report containing a summary of the activities of the MSBA Business Law Section during the fiscal year beginning July 1, 2002. Some of the many activities of the Business Law Section and its Committees were as follows:

1. The Section produced the annual Business Law Institute in cooperation with Minnesota CLE. Several hundred lawyers attended the Institute, which was held at the Minneapolis Convention Center on May 12-13, 2003. The Institute featured many national and local speakers who gave presentations on a variety of business law topics.

2. The Section presented several luncheon seminars in downtown Minneapolis on topics ranging from corporate and securities law to the Uniform Commercial Code.

3. The Section conducted a survey of its members from Greater Minnesota, and made preparations for a series of business law seminars in St. Cloud and other cities throughout the state.

4. The Section established an e-mail discussion list which its members can use to discuss business law. The Section also improved the content of its website.

5. The Section reviewed proposed Minnesota legislation on a variety of subjects, including Articles 1, 3 and 4 of the UCC, the central notification system for filing on agricultural property, the Revised Uniform Limited Partnership Act, the Cooperative Act, Chapter 300, funding of the Office of the Minnesota Secretary of State, a proposal to allow Minnesota limited liability companies to engage in nonprofit activities, proposed amendments to the Business Corporations Act, and the Uniform Securities Act.

6. The Section maintained liaison with the Minnesota Secretary of State, the Minnesota Department of Commerce, and the MSBA New Lawyers Section. Representatives of the Section participated on the MSBA Business Pro Bono Task Force, and the NCCUSL Cross-Entity Transactions Drafting Committee.

7. The Section published business law newsletters for its members. The Section also prepared pamphlets on business organizations and UCC filings to be used by the general public at the Secretary of State's Office.

8. For the first time in many years, the Section increased its annual membership dues from $12 to $15, effective July 1, 2003. The Section also participated in the MSBA program to give dues discounts to new MSBA members.

9. The Section officers were John Yilek, Chair, John Steffen, Vice Chair, Katie Engler, Secretary, and Dave Vander Haar, Treasurer. The Section Executive Council, which met on the third Wednesday of every other month in addition to special meetings, included the four officers and Mary Bierkamp, Professor Dan Kleinberger, Gaylen Knack, Phil Kunkel, and Tom Lovett. Bert Ranum served as Past Chair, and Lisa Holter was the Legislative Coordinator. The newsletter editors were Frank Bennett, Laura Carlson, and Sean Kearney. Phil Kunkel coordinated Greater Minnesota activities. The Section's liaison were Bert Black (Office of the Secretary of State), Donna Watz (Commerce Department), Cam Hoang (MSBA New Lawyers Section), Tom Lovett and Professor Dan Kleinberger (MSBA Business Pro Bono Task Force), Professor Dan Kleinberger (NCCUSL), and Mike Trittipo and Meghan Harper (MSBA). The Section also worked closely with Lloyd Grooms, the MSBA Lobbyist at the Minnesota Legislature.

10. Many of the Section activities were conducted by the following Committees of the Section:

- Banking: Mary Bierkamp and Lori Sommerfield, Co-Chairs.
- Business/Professional Corporations: Dave Vander Haar, Chair, Steve Rubin, Vice Chair.
- Chapter 300: Ed Drenttel, Chair.
- Franchising and Product Distribution: Gaylen Knack, Chair.
- Non-Profit Organizations: Claire Topp and Jennifer Reedstrom Bishop, Co-Chairs.
- Partnerships/LLCs: Lloyd Kepple, Chair.
- Securities: Tim Hearn, Chair, Tom Lovett, Vice Chair.
- Technology: Pat Shriver, Chair.
- Uniform Commercial Code: Phil Kunkel, Chair.

In summary, the Section enjoyed a very successful year.

Respectfully submitted,

John A. Yilek
Chair, MSBA Business Law Section


 

MSBA Business Law Section
2000-01 Annual Report

The Section is governed by a 10-member executive council which meets every other month. L The officers of the council during the past year were Carol Thacher, Chair; Robert Ranum, Vice-Chair; John Yilek, Secretary and John Steffen, Treasurer. Also serving on the council were Mary Bierkamp, Katherine Engler, Professor Daniel Kleinberger, Gaylen Knack, Thomas Lovett and David Vander Haar.

Standing Committees

The council has the following eight standing committees:

Banking Law Committee The Banking Law Committee was chaired by Mary Bierkamp. Andrea Fike was the Vice-Chair. The Committee was very active this year making presentations to the banking community and with the UCC Committee on Revised Article 9. It also continues to monitor new banking legislation and present seminars on commercial lending.

Business and Professional Corporations Committee This Committee was chaired by David Vander Haar. Steven Rubin was Vice-Chair. The Committee monitors new legislation affecting business and professional corporations and in the fall of 2001 intends to once again discuss and propose technical corrections to Minnesota’s corporate statutes.

Partnerships, Limited Partnerships and Limited Liability Companies Committee Professor Daniel Kleinberger chaired this Committee. It is particularly active in monitoring and drafting changes to applicable law. This year it directed its attention to a model member control agreement for a partnership-model limited liability company, considering whether limited liability companies should be organized for nonprofit purposes and reviewing cross-entity mergers.

Securities Law Committee The Securities Committee was chaired by Tom Lovett. It decided it could better monitor and report on securities laws by reorganizing the committee. Thus, its former subcommittees were eliminated. Responsibility for both state and federal securities laws remains with this Committee while the responsibilities of the franchising subcommittee were transferred to a new standing committee. The Committee is increasing its members and planning luncheon meetings to include an SEC speaker.

Franchising and Product Distribution Committee This Committee resulted from a reorganization of the Securities Law Committee and was chaired by Gaylen Knack. In addition to activities related to the formation of the Committee, Mr. Knack monitored and forwarded the Business Law Section’s position on legislation affecting franchising.

Uniform Commercial Code Committee This Committee was chaired by Philip Kunkel. It was extremely busy this year co-sponsoring a series of lunch programs on Revised Article 9. In addition it worked closely with the Legislature to enact revisions to Minnesota’s agricultural lien statutes and to make technical corrections to Revised Article 9 and conforming amendments to other related Minnesota statutes.

Nonprofit Corporation Committee Claire Topp chaired the Nonprofit Corporation Committee which was very active this year monitoring and providing expert opinions to legislators on legislation affecting nonprofit corporations, including the proposed Uniform Unincorporated Nonprofit Association Act. The Committee also drafted annotated nonprofit corporation articles and bylaws.

Technology This Committee is newly created and chaired by Ernest (Pat) Shriver. With the assistance of the MSBA, the Committee created electronic mail "listservs" for use by the Business Law Section Executive Council and the various committees of the Business Law Section. The Committee is also exploring ways to increase electronic communication with Business Law Section members, including elect ronic distribution of the Section’s quarterly newsletter.

 

Projects

Newsletter The Business Law Section continued to publish the newsletter on a quarterly basis. We sadly wished our long-time editor, Paul Van Valkenberg, well as he retired from the practice of law and from his responsibilities as co-editor with Frank Bennett. The following new editors were appointed to replace Paul: Laura Carlson, Sean Kearney and India Boulton.

Legislation Lisa Holter, the Section’s legislative coordinator, assisted the Franchise Committee Chair in responding to proposed franchise legislation and the Chair of the Nonprofit Corporation Committee in responding to proposed legislation affecting Chapter 317A.

Business Law Institute The annual Business Law Institute held in April was, once again, extremely successful with over 400 attending. The Institute includes speakers with a national reputation as well as local experts on business law issues. This year there were over 20 breakout sessions to meet the diverse needs of business law practitioners. Topics included multi-disciplinary practice, corporate ethics, e-commerce taxes, internet research and a case law update.

Business Law Education for Judges Gene Hennig, Thomas Feinberg and Carol Thacher participated in a subcommittee planning a curriculum to assist trial judges in understanding business law issues. There will be a variety of topics including Chapter 302A, Revised Article 9 of the UCC and an analysis of financial statements.

Tax on Legal Services John Steffen represented the Business Law Section on a MSBA task force opposing the proposed extension of the sales tax to legal services.

MSBA Habitat for Humanity Project The Business Law Section donated $5,000 to assist the MSBA staff, sections, committees and law firms build a Habitat for Humanity house.

New Officers The new officers of the Business Law Section for the 2001-2002 term are: Robert Ranum, Chair; John Yilek, Vice Chair; John Steffen, Secretary and Katie Engler, Treasurer.


MSBA Business Law Section
1996-97 Annual Report

The Section is governed by a 10-member executive council which meets every other month. The officers of the council during the past year were Phil Garon, chair; Deanne Greco, vice chair; Tom Feinberg, secretary; and Gene Hennig, treasurer. Also serving on the council were Frank Bennett, Ken Bonneville, Lee Hanson, Jim Hogg, Berg Ranum, and Carol Thacher.

Standing Committees
The Council has the following six standing committees:

Banking Law Committee. The Banking Law Committee was chaired by John Yilek. Mary Beirkamp was the vice chair. It was very active during the past year and held meetings dealing with new banking legislation and confidentiality of bank records. Its members have assisted with seminars on commercial lending and lender liability and on workouts and bankruptcy.

Business and Professional Corporations Committee. The Business and Professional Corporations Committee was chaired by Tom Feinberg. The vice chair was Sue Jacobson. Most of its activity was directed toward the section's 1997 Business Law Institute discussed below.

Partnerships, Limited Partnerships and Limited Liability Companies Committee. John Steffen chaired the Partnerships, Limited Partnerships and Limited Liability Companies Committee. This committee has been very active in proposing and revising Minnesota legislation relating to the limited liability company statute and limited liability partnerships and in considering the Revised Uniform Partnership Act that was enacted this year.

Securities Law Committee. The Securities Law Committee was chaired by Tom Lovett. Michele Vaillancourt chaired the Federal Securities Subcommittee. Chuck Ptuznick chaired the State Securities Subcommittee, and Gaylen Knack chaired the Franchise Subcommittee. Michele planned a luncheon seminar this year on the 1996 securities act amendments and a seminar on recent developments and proposals in corporate finance at which a representative from the Securities Exchange Commission spoke.

Uniform Commercial Code Committee. The chair of the Uniform Commercial Code Committee was Dave Mitchell. The committee reviewed revised Article 5 of the UCC this year and the committee continues to monitor the efforts to revise Articles 2 and 9.

Nonprofit Corporation Committee. The Executive Committee revived the Nonprofit Corporation Committee during the past year. Claire Topp chairs the committee.

Projects

Newsletter. The section continued to publish the newsletter on a quarterly basis -- an extraordinary effort by its editors, Paul Van Valkenberg and Frank Bennett.

Secretary of State Pamphlet. Primarily through the efforts of Paul Van Valkenberg and Katie Engler from the Secretary of State's office, the section also published a pamphlet on business organizations for distribution by the Secretary of State. Katie has informed us that the pamphlet is very popular. The section is working on a similar UCC publication.

Law School Outreach. The section conducted a Business Law Outreach Program headed by Gene Hennig. Members of the section spoke to law students this year at each of the three Minnesota law schools on the practice of business law.

Legislation. The section was very active on the legislative front. Headed by the efforts of our legislative coordinator, Bert Ranum, and by Tom Feinberg and Dan Kleinberger, the Executive Council formed ad hoc committees which recommended revisions to the Minnesota Business Corporation Act and prepared the Professional Firms Act, which will eventually replace the current Minnesota statute on professional corporations. Both the amendments to the Minnesota Business Corporation Act and the Professional Firms Act passed the Legislature this year.

Business Law Institute. The 1997 Business Law Institute was a tremendous success. Over 360 lawyers attended the two-day Institute, which was the largest attendance by far since the Business Law Section and Minnesota CLE began co-sponsoring the Institute. The cochairs of the Institute were Tim Baer, Sue Jacobson, Steve Kutscheid, Bruce Mooty, and John Yilek. Their efforts were outstanding. Thirty-five faculty members spoke at the Institute. The speakers included Lou Kling from Skadden, Arps, Slate, Meagher and Flom; Dr. Sung Won Sohn, chief economist of Norwest Corporation; Robert Stein, executive director of the American Bar Association; and several members of the Business Law Section. The Institute included 23 breakout sessions on a variety of business law matters.

New Officers. The new officers of the Business Law Section for the 1997-1998 term are: Deanne Greco, chair; Tom Feinberg, vice chair; Gene Hennig, secretary; and Carol Thacher, treasurer.

New Executive Council Member. Katie Engler has been elected to the Executive Council to replace Lee Hanson, a former Business Law Section chair, whose term has expired.

Philip S. Garon,
Chairperson

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