Association
Chapter 308B defines an association as an organization doing business on a cooperative plan under Minnesota or another state's laws and chartered under other laws of either state.
An association is an organization conducting business on a cooperative plan under the laws of this state or another state that is chartered to conduct business under other laws of this state or another state.
Statutory definition#
This is a term defined by statute. Section 308B.005, subdivision 5, defines it for purposes of chapter 308B P1, subd. 5. Our paraphrase is above; the statute's own words control and are in § 308B.005.
The statute's own words are longer and qualify the term; read § 308B.005 before relying on this summary.
Statute sections referenced
- § 308B.005 DEFINITIONS.
Related
Sources
- P1 Minnesota Statutes, Chapter 308B (Cooperative Associations), Office of the Revisor of Statutes, State of Minnesota. revisor.mn.gov (primary; accessed October 15, 2026)