Minnesota Cooperative Associations Act
Minnesota · Cooperative Associations Act · §§ 308B.001 to 308B.975 · 87 sections
Overview
This act supplies the statutory framework for cooperative associations, covering how members and other contributors put capital into the cooperative and how the resulting economic rights are defined, valued, and enforced. Its core mechanisms are contribution and contribution-rights agreements, rules for allocating and distributing profits, losses, net income, cash, and other assets, and member control agreements that let members privately order governance among themselves. It also governs the cooperative's structural changes and its end — merger, consolidation, and conversion into the form the act provides, plus voluntary, court-supervised, involuntary, and administrative dissolution with winding up, receivership, and the presentation and barring of claims — all carried out through documents filed with the secretary of state under prescribed signature, fee, effective-date, and correction procedures.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
Sections covered
- Minn. Stat. § 308B.001CITATION.
- Minn. Stat. § 308B.005DEFINITIONS.
- Minn. Stat. § 308B.007LEGAL RECOGNITION OF ELECTRONIC RECORDS AND SIGNATURES.
- Minn. Stat. § 308B.101RESERVATION OF RIGHT.
- Minn. Stat. § 308B.111FILING FEES.
- Minn. Stat. § 308B.115REGISTERED OFFICE AND AGENT.
- Minn. Stat. § 308B.121ANNUAL RENEWAL.
- Minn. Stat. § 308B.152FOREIGN COOPERATIVES; SECTIONS APPLICABLE.
- Minn. Stat. § 308B.201ORGANIZATIONAL PURPOSE.
- Minn. Stat. § 308B.205ORGANIZERS.
- Minn. Stat. § 308B.211COOPERATIVE NAME.
- Minn. Stat. § 308B.215ARTICLES OF ORGANIZATION.
- Minn. Stat. § 308B.221AMENDMENT OF ARTICLES.
- Minn. Stat. § 308B.225AMENDMENT OF ORGANIZATIONAL DOCUMENTS TO BE GOVERNED BY THIS CHAPTER.
- Minn. Stat. § 308B.231CURATIVE FILING.
- Minn. Stat. § 308B.235EXISTENCE.
- Minn. Stat. § 308B.241BYLAWS.
- Minn. Stat. § 308B.245COOPERATIVE RECORDS.
- Minn. Stat. § 308B.301POWERS.
- Minn. Stat. § 308B.305EMERGENCY POWERS.
- Minn. Stat. § 308B.311AGRICULTURAL PRODUCT MARKETING CONTRACTS.
- Minn. Stat. § 308B.401BOARD GOVERNS COOPERATIVE.
- Minn. Stat. § 308B.405NUMBER OF DIRECTORS.
- Minn. Stat. § 308B.411ELECTION OF DIRECTORS.
- Minn. Stat. § 308B.415FILLING VACANCIES.
- Minn. Stat. § 308B.421REMOVAL OF DIRECTORS.
- Minn. Stat. § 308B.425BOARD OF DIRECTORS' MEETINGS.
- Minn. Stat. § 308B.431QUORUM.
- Minn. Stat. § 308B.435ACT OF BOARD OF DIRECTORS.
- Minn. Stat. § 308B.441ACTION WITHOUT A MEETING.
- Minn. Stat. § 308B.445AUDIT COMMITTEE.
- Minn. Stat. § 308B.451COMMITTEES.
- Minn. Stat. § 308B.455STANDARD OF CONDUCT.
- Minn. Stat. § 308B.461DIRECTOR CONFLICTS OF INTEREST.
- Minn. Stat. § 308B.465LIMITATION OF DIRECTOR'S LIABILITY.
- Minn. Stat. § 308B.471INDEMNIFICATION.
- Minn. Stat. § 308B.475OFFICERS.
- Minn. Stat. § 308B.501MEMBERS.
- Minn. Stat. § 308B.505MEMBER NOT LIABLE FOR COOPERATIVE DEBTS.
- Minn. Stat. § 308B.511REGULAR MEMBERS' MEETINGS.
- Minn. Stat. § 308B.515SPECIAL MEMBERS' MEETINGS.
- Minn. Stat. § 308B.521CERTIFICATION OF MEETING NOTICE.
- Minn. Stat. § 308B.525QUORUM.
- Minn. Stat. § 308B.531REMOTE COMMUNICATIONS FOR MEMBER MEETINGS.
- Minn. Stat. § 308B.535ACT OF MEMBERS.
- Minn. Stat. § 308B.541ACTION WITHOUT A MEETING.
- Minn. Stat. § 308B.545MEMBER VOTING RIGHTS.
- Minn. Stat. § 308B.551PATRON MEMBER VOTING BASED ON PATRONAGE.
- Minn. Stat. § 308B.555VOTING RIGHTS.
- Minn. Stat. § 308B.561VOTING BY ORGANIZATIONS AND LEGAL REPRESENTATIVES.
- Minn. Stat. § 308B.565PROXIES.
- Minn. Stat. § 308B.571SALE OF PROPERTY AND ASSETS.
- Minn. Stat. § 308B.575VOTE OF OWNERSHIP INTERESTS HELD BY COOPERATIVE.
- Minn. Stat. § 308B.601MEMBERSHIP INTERESTS.
- Minn. Stat. § 308B.605ASSIGNMENT OF FINANCIAL RIGHTS.
- Minn. Stat. § 308B.611NATURE OF A MEMBERSHIP INTEREST AND STATEMENT OF INTEREST OWNED.
- Minn. Stat. § 308B.615CERTIFICATED MEMBERSHIP INTERESTS.
- Minn. Stat. § 308B.621LOST CERTIFICATES; REPLACEMENT.
- Minn. Stat. § 308B.625RESTRICTION ON TRANSFER OR REGISTRATION OF MEMBERSHIP INTERESTS.
- Minn. Stat. § 308B.627MEMBER CONTROL AGREEMENTS.
- Minn. Stat. § 308B.701AUTHORIZATION, FORM, AND ACCEPTANCE OF CONTRIBUTIONS.
- Minn. Stat. § 308B.705RESTATEMENT OF VALUE OF PREVIOUS CONTRIBUTIONS.
- Minn. Stat. § 308B.711CONTRIBUTION AGREEMENTS.
- Minn. Stat. § 308B.715CONTRIBUTION RIGHTS AGREEMENTS.
- Minn. Stat. § 308B.721ALLOCATIONS AND DISTRIBUTIONS TO MEMBERS.
- Minn. Stat. § 308B.725ALLOCATIONS AND DISTRIBUTIONS TO PATRON MEMBERS.
- Minn. Stat. § 308B.735DISTRIBUTION OF UNCLAIMED PROPERTY.
- Minn. Stat. § 308B.801MERGER AND CONSOLIDATION.
- Minn. Stat. § 308B.805MERGER OF SUBSIDIARY.
- Minn. Stat. § 308B.835ABANDONMENT.
- Minn. Stat. § 308B.901METHODS OF DISSOLUTION.
- Minn. Stat. § 308B.903NOTICE OF INTENT TO DISSOLVE.
- Minn. Stat. § 308B.905WINDING UP.
- Minn. Stat. § 308B.911REVOCATION OF DISSOLUTION PROCEEDINGS.
- Minn. Stat. § 308B.915STATUTE OF LIMITATIONS.
- Minn. Stat. § 308B.921ARTICLES OF DISSOLUTION.
- Minn. Stat. § 308B.925APPLICATION FOR COURT-SUPERVISED VOLUNTARY DISSOLUTION.
- Minn. Stat. § 308B.931COURT-ORDERED REMEDIES OR DISSOLUTION.
- Minn. Stat. § 308B.935PROCEDURE IN INVOLUNTARY OR COURT-SUPERVISED VOLUNTARY DISSOLUTION.
- Minn. Stat. § 308B.941RECEIVER QUALIFICATIONS AND POWERS.
- Minn. Stat. § 308B.945DISSOLUTION ACTION BY ATTORNEY GENERAL; ADMINISTRATIVE DISSOLUTION.
- Minn. Stat. § 308B.951FILING CLAIMS IN COURT-SUPERVISED DISSOLUTION PROCEEDINGS.
- Minn. Stat. § 308B.955DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS.
- Minn. Stat. § 308B.961COURT-SUPERVISED DISSOLUTION ORDER.
- Minn. Stat. § 308B.965FILING COURT'S DISSOLUTION ORDER.
- Minn. Stat. § 308B.971BARRING OF CLAIMS.
- Minn. Stat. § 308B.975RIGHT TO SUE OR DEFEND AFTER DISSOLUTION.
Enacted in other states
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