2004 Minnesota Statutes

     308B.941 Receiver qualifications and powers. 

    Subdivision 1.    Qualifications.  A receiver shall be a 
 natural person or a domestic business entity or a foreign 
 business entity authorized to transact business in this state.  
 A receiver shall give a bond as directed by the court with the 
 sureties required by the court. 

    Subd. 2.    Powers.  A receiver may sue and defend in 
 all courts as receiver of the cooperative.  The court appointing 
 the receiver has exclusive jurisdiction of the cooperative and 
 its property. 

    HIST: 2003 c 105 art 1 s 79