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 under section 576.38, subdivision 3 .
Minn. Stat. § 308C.955
DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS.
Known as the Minnesota Cooperative Housing Act
The act spans §§ 308–308 (90 sections).
2024 c 96 art 1 s 86
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.