Minnesota Cooperative Law
Minnesota · Cooperative Law · §§ 308A.001 to 308A.985 · 66 sections
Overview
This act governs the formation, structure, and internal governance of cooperative associations, restricting use of the term "cooperative" to entities organized under its terms and setting out how one comes into existence — incorporators, corporate name, articles of incorporation and their amendment, bylaws, and the filings, registered office, and annual renewal that maintain that existence. It defines the powers a cooperative may exercise and divides control between a governing board and the membership, covering the number, election, district apportionment, removal, and replacement of directors, their standard of conduct and the limits on their liability, the appointment of officers, and the calling and noticing of regular and special members' meetings. It further addresses capital structure through stock and nonstock organization and its interaction with securities regulation, the grouping and obligations of members, the treatment of cooperatives formed elsewhere, and rules tailored to particular sectors, including agricultural marketing, electric, telecommunications purchasing, and health care cooperatives.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 1 court decision.
Most-cited authority: 62 FSUPP3D 38 - Health Care Serv. Corp. v. Mylan Labs., Inc.
Sections covered
- Minn. Stat. § 308A.001CITATION.
- Minn. Stat. § 308A.005DEFINITIONS.
- Minn. Stat. § 308A.011USE OF TERM COOPERATIVE RESTRICTED.
- Minn. Stat. § 308A.015RESERVATION OF RIGHT.
- Minn. Stat. § 308A.021FILING FEE.
- Minn. Stat. § 308A.025REGISTERED OFFICE.
- Minn. Stat. § 308A.027ANNUAL RENEWAL.
- Minn. Stat. § 308A.032FOREIGN COOPERATIVES; SECTIONS APPLICABLE.
- Minn. Stat. § 308A.101ORGANIZATIONAL PURPOSE.
- Minn. Stat. § 308A.105INCORPORATORS.
- Minn. Stat. § 308A.121COOPERATIVE NAME.
- Minn. Stat. § 308A.125STOCK AND NONSTOCK ORGANIZATION.
- Minn. Stat. § 308A.131ARTICLES OF INCORPORATION.
- Minn. Stat. § 308A.135AMENDMENT OF ARTICLES.
- Minn. Stat. § 308A.141AMENDMENT OF ARTICLES TO BE GOVERNED BY THIS CHAPTER.
- Minn. Stat. § 308A.145AMENDMENT OF ARTICLES TO INCORPORATE DEFECTIVELY ORGANIZED COOPERATIVE.
- Minn. Stat. § 308A.155CORPORATE EXISTENCE.
- Minn. Stat. § 308A.165BYLAWS.
- Minn. Stat. § 308A.201POWERS.1 cite
- Minn. Stat. § 308A.205AGRICULTURAL MARKETING CONTRACTS.
- Minn. Stat. § 308A.210TELECOMMUNICATION SERVICES PURCHASING COOPERATIVES.
- Minn. Stat. § 308A.301BOARD GOVERNS COOPERATIVE.
- Minn. Stat. § 308A.305NUMBER OF DIRECTORS.
- Minn. Stat. § 308A.311ELECTION OF DIRECTORS.
- Minn. Stat. § 308A.313APPORTIONMENT OF DIRECTORS AMONG DISTRICTS OR UNITS.
- Minn. Stat. § 308A.315FILLING VACANCIES.
- Minn. Stat. § 308A.321REMOVAL OF DIRECTORS.
- Minn. Stat. § 308A.325LIMITATION OF DIRECTOR'S LIABILITY.
- Minn. Stat. § 308A.327ELECTRIC COOPERATIVE; BOARD MEETINGS.
- Minn. Stat. § 308A.328STANDARD OF CONDUCT.
- Minn. Stat. § 308A.401OFFICERS.
- Minn. Stat. § 308A.501CAPITAL STOCK.
- Minn. Stat. § 308A.503HEALTH CARE COOPERATIVE MEMBERS.
- Minn. Stat. § 308A.505SUBJECT TO SECURITIES LAW.
- Minn. Stat. § 308A.601GROUPING OF MEMBERS.
- Minn. Stat. § 308A.605MEMBER AND STOCKHOLDER VIOLATIONS.
- Minn. Stat. § 308A.611REGULAR MEMBERS' MEETINGS.
- Minn. Stat. § 308A.615SPECIAL MEMBERS' MEETINGS.
- Minn. Stat. § 308A.621CERTIFICATION OF MAILED MEETING NOTICE.
- Minn. Stat. § 308A.625FAILURE TO RECEIVE MEETING NOTICE.
- Minn. Stat. § 308A.631QUORUM.
- Minn. Stat. § 308A.635MEMBER VOTING RIGHTS.
- Minn. Stat. § 308A.641VOTING IN COOPERATIVES CONSTITUTED ENTIRELY OR PARTIALLY OF OTHER COOPERATIVES OR ASSOCIATIONS.
- Minn. Stat. § 308A.645VOTE OF CORPORATE STOCK HELD BY COOPERATIVE.
- Minn. Stat. § 308A.701RESERVES.
- Minn. Stat. § 308A.705DISTRIBUTION OF INCOME.
- Minn. Stat. § 308A.711DISTRIBUTION OF UNCLAIMED PROPERTY.
- Minn. Stat. § 308A.801MERGER AND CONSOLIDATION.
- Minn. Stat. § 308A.901LIQUIDATION.
- Minn. Stat. § 308A.905METHODS OF DISSOLUTION.
- Minn. Stat. § 308A.911VOLUNTARY DISSOLUTION BY MEMBERS.
- Minn. Stat. § 308A.915WINDING UP.
- Minn. Stat. § 308A.921REVOCATION OF DISSOLUTION PROCEEDINGS.
- Minn. Stat. § 308A.925STATUTE OF LIMITATIONS.
- Minn. Stat. § 308A.931ARTICLES OF DISSOLUTION.
- Minn. Stat. § 308A.935APPLICATION FOR COURT-SUPERVISED VOLUNTARY DISSOLUTION.
- Minn. Stat. § 308A.941COURT-ORDERED REMEDIES OR DISSOLUTION.
- Minn. Stat. § 308A.945PROCEDURE IN INVOLUNTARY OR COURT-SUPERVISED VOLUNTARY DISSOLUTION.
- Minn. Stat. § 308A.951RECEIVER QUALIFICATIONS AND POWERS.
- Minn. Stat. § 308A.955DISSOLUTION ACTION BY ATTORNEY GENERAL.
- Minn. Stat. § 308A.961FILING CLAIMS IN COURT-SUPERVISED DISSOLUTION PROCEEDINGS.
- Minn. Stat. § 308A.965DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS.
- Minn. Stat. § 308A.971COURT-SUPERVISED DISSOLUTION ORDER.
- Minn. Stat. § 308A.975FILING COURT'S DISSOLUTION ORDER.
- Minn. Stat. § 308A.981BARRING OF CLAIMS.
- Minn. Stat. § 308A.985RIGHT TO SUE OR DEFEND AFTER DISSOLUTION.
Enacted in other states
All Minnesota named statutes →
Download
Copy
Embed on your site
Hover to preview · click to copy the code