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308A.032 FOREIGN COOPERATIVES; SECTIONS APPLICABLE.

Subdivision 1.General.

Except for this section, this chapter does not apply to foreign cooperatives.

Subd. 2.Sections applicable.

(a) Except as provided in paragraph (b), a foreign cooperative is subject to chapter 303. Unless it complies with chapter 303, a foreign cooperative may not transact business in this state.

(b) Sections 303.05, 303.07, and 303.115 do not apply to foreign cooperatives.

History:

2008 c 203 s 7

Official Publication of the State of Minnesota
Revisor of Statutes