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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.

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

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