Minn. Stat. § 308B.941

RECEIVER QUALIFICATIONS AND POWERS.

Known as the Minnesota Cooperative Associations Act

The act spans §§ 308B.001 to 308B.975 (87 sections).

2003 c 105 art 1 s 79; 2012 c 143 art 3 s 13

Subdivision 1. Qualifications.

Any person qualified under section 576.26 may be appointed as a receiver. A receiver shall give a bond as required by section 576.27 .

Subd. 2. Powers.

A receiver may sue and defend all actions as receiver of the cooperative. The court appointing the receiver has exclusive jurisdiction over the cooperative, the receiver, and all receivership property pursuant to section 576.23 .

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.