2004 Minnesota Statutes

CHAPTER 308B. Cooperative associations act

Table of Sections

Section	Headnote
308B.001	Citation.
DEFINITIONS
308B.005	Definitions.
308B.007	Legal recognition of electronic records and signatures.
GENERAL PROVISIONS
308B.101	Reservation of right.
308B.111	Filing fees.
308B.115	Registered office and agent.
308B.121	Periodic registration.
308B.151	Foreign cooperatives.
ORGANIZATION
308B.201	Organizational purpose.
308B.205	Organizers.
308B.211	Cooperative name.
308B.215	Articles of organization.
308B.221	Amendment of articles.
308B.225	Amendment of organizational documents to be governed by this chapter.
308B.231	Curative filing.
308B.235	Existence.
308B.241	Bylaws.
308B.245	Cooperative records.
POWERS
308B.301	Powers.
308B.305	Emergency powers.
308B.311	Agricultural product marketing contracts.
BOARD OF DIRECTORS
308B.401	Board governs cooperative.
308B.405	Number of directors.
308B.411	Election of directors.
308B.415	Filling vacancies.
308B.421	Removal of directors.
308B.425	Board of directors' meetings.
308B.431	Quorum.
308B.435	Act of board of directors.
308B.441	Action without a meeting.
308B.445	Audit committee.
308B.451	Committees.
308B.455	Standard of conduct.
308B.461	Director conflicts of interest.
308B.465	Limitation of director's liability.
INDEMNIFICATION
308B.471	Indemnification.
OFFICERS
308B.475	Officers.
MEMBERS
308B.501	Members.
308B.505	Member not liable for cooperative debts.
308B.511	Regular members' meetings.
308B.515	Special members' meetings.
308B.521	Certification of meeting notice.
308B.525	Quorum.
308B.531	Remote communications for member meetings.
308B.535	Act of members.
308B.541	Action without a meeting.
308B.545	Member voting rights.
308B.551	Patron member voting based on patronage.
308B.555	Voting rights.
308B.561	Voting by organizations and legal representatives.
308B.565	Proxies.
308B.571	Sale of property and assets.
308B.575	Vote of ownership interests held by cooperative.
MEMBERSHIP INTERESTS
308B.601	Membership interests.
308B.605	Assignment of financial rights.
308B.611	Nature of a membership interest and statement of interest owned.
308B.615	Certificated membership interests.
308B.621	Lost certificates; replacement.
308B.625	Restriction on transfer or registration of membership interests.
308B.627	Member control agreements.
CONTRIBUTIONS, ALLOCATIONS, AND DISTRIBUTIONS
308B.701	Authorization, form, and acceptance of contributions.
308B.705	Restatement of value of previous contributions.
308B.711	Contribution agreements.
308B.715	Contribution rights agreements.
308B.721	Allocations and distributions to members.
308B.725	Allocations and distributions to patron members.
308B.735	Distribution of unclaimed property.
MERGER AND CONSOLIDATION
308B.801	Merger and consolidation.
308B.805	Merger of subsidiary.
308B.835	Abandonment.
DISSOLUTION
308B.901	Methods of dissolution.
308B.905	Winding up.
308B.911	Revocation of dissolution proceedings.
308B.915	Statute of limitations.
308B.921	Articles of dissolution.
308B.925	Application for court-supervised voluntary dissolution.
308B.931	Court-ordered remedies or dissolution.
308B.935	Procedure in involuntary or court-supervised voluntary dissolution.
308B.941	Receiver qualifications and powers.
308B.945	Dissolution action by attorney general; administrative dissolution.
308B.951	Filing claims in court-supervised dissolution proceedings.
308B.955	Discontinuance of court-supervised dissolution proceedings.
308B.961	Court-supervised dissolution order.
308B.965	Filing court's dissolution order.
308B.971	Barring of claims.
308B.975	Right to sue or defend after dissolution.