hf984THIRD ENGROSSMENTMinnesota Cooperative Associations Act adopted authorizing businesses+ to organize as cooperative associations.ARTICLE 1�MINNESOTA COOPERATIVE ASSOCIATIONS ACTSection 1: Act titled.Sec. 2: Terms defined.Sec. 3-8: General provisions detailed.Sec. 9-21: Cooperative organization detailed.Sec. 22-37: Directors and officers regulations detailedSec. 38-53: Member regulations provided.Sec. 54-59: Membership interest regulations detailed.Sec. 60-67: Contributions, allocations, and distributions regulations+ detailed.Sec. 68-70: Merger and consolidation regulations detailed.Sec. 71-86: Cooperative dissolution procedures detailed.ARTICLE 2�SECURITIES; CROSS-REFERENCESSection 1: Sale and sell definitions modified.Sec. 2: Transaction exemptions modified.Sec. 3: Merger regulations established.Sec. 4: Merger of a domestic cooperative into a domestic limited +liability company regulated. AE