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    Subdivision 1. Only business subject to this chapter may use term cooperative. (a) A
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

Official Publication of the State of Minnesota
Revisor of Statutes