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Minnesota Statutes, Title Minnesota Statutes

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Minnesota/Statutes

← All Minnesota coverage

Title Minnesota Statutes, Minnesota Statutes

1,133 chapters · 28,363 sections in this title.

All chapters in Title Minnesota Statutes28,363 Ch 336, UNIFORM COMMERCIAL CODE642 Ch 524, UNIFORM PROBATE CODE394 Ch 609, CRIMINAL CODE377 Ch 144, DEPARTMENT OF HEALTH361 Ch 469, ECONOMIC DEVELOPMENT257 Ch 473, METROPOLITAN GOVERNMENT247 Ch 148, PUBLIC HEALTH OCCUPATIONS206 Ch 169, TRAFFIC REGULATIONS200 Ch 256B, MEDICAL ASSISTANCE FOR NEEDY PERSONS196 Ch 60A, GENERAL INSURANCE POWERS195 Ch 13, GOVERNMENT DATA PRACTICES177 Ch 115A, WASTE MANAGEMENT171 Ch 325F, CONSUMER PROTECTION; PRODUCTS AND SALES168 Ch 383B, HENNEPIN COUNTY168

87 sections·Filtered byTitle Minnesota Statutes✕Ch 308B✕

Minn. Stat. § 308B.565 PROXIES.
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308B.565 PROXIES. § Subdivision 1.Authorization. (a) A patron member may only grant a proxy to vote to another patron member. (b) A member may cast or authorize the casting of a vote by: (1) filing a written appointment of a proxy with the board at or before the meeting at which …
Minn. Stat. § 308B.571 SALE OF PROPERTY AND ASSETS.
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308B.571 SALE OF PROPERTY AND ASSETS. § Subdivision 1.Member approval not required. A cooperative may, by affirmative vote of a majority of the board present, upon those terms and conditions and for those considerations, which may be money, securities, or other instruments for th…
Minn. Stat. § 308B.575 VOTE OF OWNERSHIP INTERESTS HELD BY COOPERATIVE.
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308B.575 VOTE OF OWNERSHIP INTERESTS HELD BY COOPERATIVE. A cooperative that holds ownership interests of another business entity may, by direction of the cooperative's board, elect or appoint a person to represent the cooperative at a meeting of the business entity. The represen…
Minn. Stat. § 308B.601 MEMBERSHIP INTERESTS.
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308B.601 MEMBERSHIP INTERESTS. § Subdivision 1.Amounts and divisions of membership interests. The authorized amount and divisions of patron membership interests and, if authorized, nonpatron membership interests may be increased, decreased, established, or altered, in accordance …

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Minn. Stat. § 308B.605 ASSIGNMENT OF FINANCIAL RIGHTS.

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308B.605 ASSIGNMENT OF FINANCIAL RIGHTS. § Subdivision 1.Assignment of financial rights permitted. Except as provided in subdivision 3, a member's financial rights are transferable in whole or in part. § Subd. 2.Effect of assignment of financial rights. An assignment of a member'…

Minn. Stat. § 308B.611 NATURE OF A MEMBERSHIP INTEREST AND STATEMENT OF INTEREST OWNED.

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308B.611 NATURE OF A MEMBERSHIP INTEREST AND STATEMENT OF INTEREST OWNED. § Subdivision 1.Generally. A membership interest is personal property. A member has no interest in specific cooperative property. All property of the cooperative is property of the cooperative itself. § Sub…

Minn. Stat. § 308B.615 CERTIFICATED MEMBERSHIP INTERESTS.

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308B.615 CERTIFICATED MEMBERSHIP INTERESTS. § Subdivision 1.Certificated; uncertificated. The membership interests of a cooperative shall be either certificated or uncertificated. Each holder of certificated membership interests issued is entitled to a certificate of membership i…

Minn. Stat. § 308B.621 LOST CERTIFICATES; REPLACEMENT.

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308B.621 LOST CERTIFICATES; REPLACEMENT. § Subdivision 1.Issuance. A new membership interest certificate may be issued under section 336.8-405 in place of one that is alleged to have been lost, stolen, or destroyed. § Subd. 2.Not overissue. The issuance of a new certificate under…

Minn. Stat. § 308B.625 RESTRICTION ON TRANSFER OR REGISTRATION OF MEMBERSHIP INTERESTS.

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308B.625 RESTRICTION ON TRANSFER OR REGISTRATION OF MEMBERSHIP INTERESTS. § Subdivision 1.How imposed. A restriction on the transfer or registration of transfer of membership interests of a cooperative may be imposed in the articles, in the bylaws, by a resolution adopted by the …

Minn. Stat. § 308B.627 MEMBER CONTROL AGREEMENTS.

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308B.627 MEMBER CONTROL AGREEMENTS. § Subdivision 1.Authorization. A written agreement among persons who are then members, including a sole member, or who have signed subscription or contribution agreements, relating to the control of any phase of the business and affairs of the …

Minn. Stat. § 308B.701 AUTHORIZATION, FORM, AND ACCEPTANCE OF CONTRIBUTIONS.

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308B.701 AUTHORIZATION, FORM, AND ACCEPTANCE OF CONTRIBUTIONS. § Subdivision 1.Board of directors may authorize. Subject to any restrictions in this chapter regarding patron and nonpatron membership interests or in the articles or bylaws, and only when authorized by the board, a …

Minn. Stat. § 308B.705 RESTATEMENT OF VALUE OF PREVIOUS CONTRIBUTIONS.

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308B.705 RESTATEMENT OF VALUE OF PREVIOUS CONTRIBUTIONS. § Subdivision 1.Definition. As used in this section, an "old contribution" is a contribution reflected in the required records of a cooperative before the time the cooperative accepts a new contribution. § Subd. 2.Restateme…

Minn. Stat. § 308B.711 CONTRIBUTION AGREEMENTS.

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308B.711 CONTRIBUTION AGREEMENTS. § Subdivision 1.Signed writing. A contribution agreement, whether made before or after the formation of the cooperative, is not enforceable against the would-be contributor unless it is in writing and signed by the would-be contributor. § Subd. 2…

Minn. Stat. § 308B.715 CONTRIBUTION RIGHTS AGREEMENTS.

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308B.715 CONTRIBUTION RIGHTS AGREEMENTS. § Subdivision 1.Agreements permitted. Subject to any restrictions in the articles or bylaws, a cooperative may enter into contribution rights agreements under the terms, provisions, and conditions fixed by the board. § Subd. 2.Writing requ…

Minn. Stat. § 308B.721 ALLOCATIONS AND DISTRIBUTIONS TO MEMBERS.

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308B.721 ALLOCATIONS AND DISTRIBUTIONS TO MEMBERS. § Subdivision 1.Allocation of profits and losses. The bylaws shall prescribe the allocation of profits and losses between patron membership interests collectively and any other membership interests. If the bylaws do not otherwise…

Minn. Stat. § 308B.725 ALLOCATIONS AND DISTRIBUTIONS TO PATRON MEMBERS.

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308B.725 ALLOCATIONS AND DISTRIBUTIONS TO PATRON MEMBERS. § Subdivision 1.Distribution of net income. A cooperative may set aside a portion of net income allocated to the patron membership interests as the board determines advisable to create or maintain a capital reserve. § Subd…

Minn. Stat. § 308B.735 DISTRIBUTION OF UNCLAIMED PROPERTY.

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308B.735 DISTRIBUTION OF UNCLAIMED PROPERTY. § Subdivision 1.Alternate procedure to disburse property. A cooperative may, in lieu of paying or delivering to the state the unclaimed property specified in its report of unclaimed property, distribute the unclaimed property to a busi…

Minn. Stat. § 308B.801 MERGER AND CONSOLIDATION.

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308B.801 MERGER AND CONSOLIDATION. § Subdivision 1.Authorization. Unless otherwise prohibited, cooperatives organized under the laws of this state, including cooperatives organized under this chapter or chapter 308A, may merge or consolidate with each other, a Minnesota limited l…

Minn. Stat. § 308B.805 MERGER OF SUBSIDIARY.

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308B.805 MERGER OF SUBSIDIARY. § Subdivision 1.When authorized; contents of plan. (a) For purposes of this section, "subsidiary" means a domestic cooperative, a Minnesota limited liability company, or a foreign cooperative, and "cooperative" means a domestic cooperative. A Minnes…

Minn. Stat. § 308B.835 ABANDONMENT.

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308B.835 ABANDONMENT. § Subdivision 1.Abandonment by members before plan effective date. After a plan of merger has been approved by the members entitled to vote on the approval of the plan and before the effective date of the plan, the plan may be abandoned by the same vote that…

Minn. Stat. § 308B.901 METHODS OF DISSOLUTION.

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308B.901 METHODS OF DISSOLUTION. A cooperative may be dissolved by the members or by order of the court. History: 2003 c 105 art 1 s 71

Minn. Stat. § 308B.903 NOTICE OF INTENT TO DISSOLVE.

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308B.903 NOTICE OF INTENT TO DISSOLVE. Before a cooperative begins dissolution, a notice of intent to dissolve must be filed with the secretary of state. The notice must contain: (1) the name of the cooperative; (2) the date and place of the members' meeting at which the resoluti…

Minn. Stat. § 308B.905 WINDING UP.

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308B.905 WINDING UP. § Subdivision 1.Collection and payment of debts. After the notice of intent to dissolve has been filed with the secretary of state, the board, or the officers acting under the direction of the board shall proceed as soon as possible: (1) to collect or make pr…

Minn. Stat. § 308B.911 REVOCATION OF DISSOLUTION PROCEEDINGS.

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308B.911 REVOCATION OF DISSOLUTION PROCEEDINGS. § Subdivision 1.Authority to revoke. Dissolution proceedings may be revoked before the articles of dissolution are filed with the secretary of state. § Subd. 2.Revocation by members. The chair may call a members' meeting to consider…

Minn. Stat. § 308B.915 STATUTE OF LIMITATIONS.

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308B.915 STATUTE OF LIMITATIONS. The claim of a creditor or claimant against a dissolving cooperative is barred if the claim has not been enforced by initiating legal, administrative, or arbitration proceedings concerning the claim by two years after the date the notice of intent…

Minn. Stat. § 308B.921 ARTICLES OF DISSOLUTION.

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308B.921 ARTICLES OF DISSOLUTION. § Subdivision 1.Conditions to file. Articles of dissolution of a cooperative shall be filed with the secretary of state after payment of the claims of all known creditors and claimants has been made or provided for and the remaining property has …

Minn. Stat. § 308B.925 APPLICATION FOR COURT-SUPERVISED VOLUNTARY DISSOLUTION.

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308B.925 APPLICATION FOR COURT-SUPERVISED VOLUNTARY DISSOLUTION. After a notice of intent to dissolve has been filed with the secretary of state and before a certificate of dissolution has been issued, the cooperative or, for good cause shown, a member or creditor may apply to a …

Minn. Stat. § 308B.931 COURT-ORDERED REMEDIES OR DISSOLUTION.

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308B.931 COURT-ORDERED REMEDIES OR DISSOLUTION. § Subdivision 1.Conditions for relief. A court may grant equitable relief that it deems just and reasonable in the circumstances or may dissolve a cooperative and liquidate its assets and business: (1) in a supervised voluntary diss…

Minn. Stat. § 308B.935 PROCEDURE IN INVOLUNTARY OR COURT-SUPERVISED VOLUNTARY DISSOLUTION.

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308B.935 PROCEDURE IN INVOLUNTARY OR COURT-SUPERVISED VOLUNTARY DISSOLUTION. § Subdivision 1.Action before hearing. In dissolution proceedings before a hearing can be completed the court may: (1) issue injunctions; (2) appoint receivers with all powers and duties that the court d…

Minn. Stat. § 308B.941 RECEIVER QUALIFICATIONS AND POWERS.

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308B.941 RECEIVER QUALIFICATIONS AND POWERS. § 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 receiv…

Minn. Stat. § 308B.945 DISSOLUTION ACTION BY ATTORNEY GENERAL; ADMINISTRATIVE DISSOLUTION.

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308B.945 DISSOLUTION ACTION BY ATTORNEY GENERAL; ADMINISTRATIVE DISSOLUTION. § Subdivision 1.Conditions to begin action. A cooperative may be dissolved involuntarily by a decree of a court in this state in an action filed by the attorney general if it is established that: (1) the…

Minn. Stat. § 308B.951 FILING CLAIMS IN COURT-SUPERVISED DISSOLUTION PROCEEDINGS.

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308B.951 FILING CLAIMS IN COURT-SUPERVISED DISSOLUTION PROCEEDINGS. § Subdivision 1.Filing under oath. In proceedings to dissolve a cooperative, the court may require all creditors and claimants of the cooperative to file their claims pursuant to section 576.49. The receiver or a…

Minn. Stat. § 308B.955 DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS.

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308B.955 DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS. 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 s…

Minn. Stat. § 308B.961 COURT-SUPERVISED DISSOLUTION ORDER.

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308B.961 COURT-SUPERVISED DISSOLUTION ORDER. § Subdivision 1.Conditions for dissolution order. In an involuntary or supervised voluntary dissolution after the costs and expenses of the proceedings and all debts, obligations, and liabilities of the cooperative have been paid or di…

Minn. Stat. § 308B.965 FILING COURT'S DISSOLUTION ORDER.

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308B.965 FILING COURT'S DISSOLUTION ORDER. After the court enters an order dissolving a cooperative, the court administrator shall cause a certified copy of the dissolution order to be filed with the secretary of state. The secretary of state may not charge a fee for filing the d…

Minn. Stat. § 308B.971 BARRING OF CLAIMS.

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308B.971 BARRING OF CLAIMS. § Subdivision 1.Claims barred. A person who is or becomes a creditor or claimant before, during, or following the conclusion of dissolution proceedings, who does not file a claim or pursue a remedy in a legal, administrative, or arbitration proceeding …

Minn. Stat. § 308B.975 RIGHT TO SUE OR DEFEND AFTER DISSOLUTION.

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308B.975 RIGHT TO SUE OR DEFEND AFTER DISSOLUTION. After a cooperative has been dissolved, any of its former officers, directors, or members may assert or defend, in the name of the cooperative, a claim by or against the cooperative. History: 2003 c 105 art 1 s 86