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Minnesota Legislature

Office of the Revisor of Statutes

308A.155 CORPORATE EXISTENCE.

Subdivision 1.Commencement of corporate existence.

The corporate existence of a cooperative begins when the articles are filed with the secretary of state.

Subd. 2.Perpetual existence unless limited.

Cooperatives have perpetual duration unless the cooperative provides for a limited period of duration of corporate existence in the articles.

History:

1989 c 144 art 1 s 15; art 3 s 7