308A.011 USE OF TERM COOPERATIVE RESTRICTED.
Subdivision 1. Only business subject to this chapter may use term cooperative.
corporation or association organized in this state may not use the term "cooperative" as part of its
corporate or business name or title, or to represent itself as a cooperative, unless the corporation
or association has complied with and is subject to this chapter or has incorporated under other
laws of this state authorizing incorporation of business on a cooperative plan.
(b) A cooperative formed pursuant to chapter 515B is subject to this chapter, except that in
the event of a conflict between chapter 515B and this chapter, chapter 515B is controlling.
Subd. 2. Penalty for misuse of term cooperative.
A corporation or association is guilty of
a misdemeanor that violates subdivision 1.
History: 1989 c 144 art 1 s 3; 1993 c 222 art 5 s 1