Minnesota Legislature
Office of the Revisor of Statutes
2009 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
308A.951 RECEIVER QUALIFICATIONS AND POWERS.
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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.
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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:
Official Publication of the State of Minnesota
Revisor of Statutes