The involuntary or supervised voluntary dissolution of a cooperative may be discontinued at any time during the dissolution proceedings if it is established that cause for dissolution does not exist. The court shall dismiss the proceedings and direct the receiver, if any, to redeliver to the cooperative its remaining property and assets and to file a final report pursuant to section 576.38, subdivision 3 .
Minn. Stat. § 308B.955
DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS.
Known as the Minnesota Cooperative Associations Act
The act spans §§ 308B.001 to 308B.975 (87 sections).
2003 c 105 art 1 s 82; 2012 c 143 art 3 s 15
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.