2009 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
308B.941 RECEIVER QUALIFICATIONS AND POWERS.
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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.
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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