Foreign cooperative
A foreign cooperative is an out-of-state business entity organized to do business on a cooperative plan consistent with chapter 308B or 308A.
A foreign cooperative is a foreign business entity organized to conduct business on a cooperative plan consistent with chapter 308B or chapter 308A.
Statutory definition#
This is a term defined by statute. Section 308B.005, subdivision 14, defines it for purposes of chapter 308B P1, subd. 14. Our paraphrase is above; the statute's own words control and are in § 308B.005.
Except for § 308B.152, chapter 308B does not apply to foreign cooperatives. They are subject to chapter 303, with sections 303.05, 303.07 and 303.115 expressly excluded § 308B.152 P1.
Statute sections referenced
- § 308B.005 DEFINITIONS.
- § 308B.152 FOREIGN COOPERATIVES; SECTIONS APPLICABLE.
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)