308B.941 RECEIVER QUALIFICATIONS AND POWERS.
Subdivision 1.
Qualifications. A receiver shall be a natural person or a domestic business
entity or a foreign business entity authorized to transact business in this state. A receiver shall
give a bond as directed by the court with the sureties required by the court.
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: 2003 c 105 art 1 s 79