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    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.
History: 1989 c 144 art 3 s 39