Involuntary dissolution
Involuntary dissolution can follow a missed annual renewal or a court action on statutory grounds; court remedies are not limited to actions brought by the attorney general.
If a cooperative does not file its annual renewal by December 31, the secretary of state must issue a certificate of involuntary dissolution; reinstatement is available under subdivision 5 § 308B.121 P1. The attorney general may seek court-ordered dissolution on listed grounds, such as fraud in procuring the articles or repeated chapter violations § 308B.945, subd. 1 P1. Court dissolution is not limited to that route: members or creditors may seek relief on the specific grounds in § 308B.931, and the court may grant lesser equitable relief instead of dissolution P1.
See Annual renewal and Merge, convert or dissolve a cooperative.
Statute sections referenced
- § 308B.121 ANNUAL RENEWAL.
- § 308B.931 COURT-ORDERED REMEDIES OR DISSOLUTION.
- § 308B.945 DISSOLUTION ACTION BY ATTORNEY GENERAL; ADMINISTRATIVE DISSOLUTION.
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)