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308C.235 EXISTENCE.

Subdivision 1.Commencement upon filing.

The existence of a cooperative shall commence when the articles are filed with the secretary of state.

Subd. 2.Duration.

A cooperative shall have a perpetual duration unless the cooperative provides for a limited period of duration in the articles.

NOTE: This chapter, as added by Laws 2024, chapter 96, article 1, sections 1 to 90, is effective August 1, 2026. Laws 2024, chapter 96, article 1, section 91, as amended by Laws 2025, chapter 32, article 4, section 12.

Official Publication of the State of Minnesota
Revisor of Statutes