Cooperative
Under chapter 308B a cooperative is an association organized under the chapter and conducting business on a cooperative plan as the chapter provides.
A cooperative is an association organized under chapter 308B conducting business on a cooperative plan as provided under that chapter.
Statutory definition#
This is a term defined by statute. Section 308B.005, subdivision 9, defines it for purposes of chapter 308B P1, subd. 9. Our paraphrase is above; the statute's own words control and are in § 308B.005.
The statute does not use the ICA's values and principles to define the term; for those see Cooperative principles. For the three Minnesota cooperative chapters see Comparing cooperative and other Minnesota entity types.
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)