2005 Minnesota Statutes

     308A.951 Receiver qualifications and powers. 

    Subdivision 1.    Qualifications.  A receiver must be a 
 natural person or a domestic corporation or a foreign 
 corporation authorized to transact business in this state.  A 
 receiver must 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: 1989 c 144 art 3 s 39