So, basically, as soon as you fly out of the last cloud on your route, you can dump fuel so as to land with dry tanks at your destination and still be legal. (well, other than "careless" or "reckless"...)
You could do that in IMC too if you want. The required 45 min reserve is a planned reserve. The FARs do not state that you have to land with 45 mins of fuel. You just have to PLAN to land with 45 mins.