The two-body decays of the extra neutral boson Z2 predicted by the minimal 331 model are analyzed. At the three-level it can decay into standard model particles as well as exotic quarks and the new gauge bosons predicted by the model. The decays into a lepton pair are strongly suppressed, with Br(Z2 → l + l − ) ≈ 10 −2 and Br(Z2 →ν l ν) ≈ 10 −3 . In the bosonic sector, Z2 would decay mainly into a pair of bilepton gauge bosons, with a branching ratio below the 0.1 level. The Z2 boson has thus a leptophobic and bileptophobic nature and it would decay dominantly into quark pairs. The anomaly-induced decays Z2 → Z1γ and Z2 → Z1Z1, which occurs at the one-loop level are studied. It is found that Br(Z2 → Z1γ) ≈ 10 −9 and Br(Z2 → Z1Z1) ≈ 10 −6 at most. As for the Z2 → W + W − and Z2 → Z1H decays, with H a relatively light Higgs boson, they are induced via Z ′ − Z mixing. It is obtained that Br(Z2 → W + W − ) ≈ 10 −2 and Br(Z2 → Z1H) ≈ 10 −5 . We also examine the flavor changing neutral current decays Z2 → tc and Z2 → tu, which may have branching fractions as large as 10 −3 and 10 −5 , respectively, and thus may be of phenomenological interest.