§ 308A.011 Use Of Term Cooperative Restricted
Statute text
Extracted from the Revisor of Statutes; first captured here October 15, 2026. Formatting and whitespace are normalized. Extraction can contain errors; the linked official text controls.
Subdivision 1. Only business subject to this chapter may use term cooperative.
(a) A corporation or association organized in this state may not use the term "cooperative" as part of its corporate or business name or title, or to represent itself as a cooperative, unless the corporation or association has complied with and is subject to this chapter or has incorporated under other laws of this state authorizing incorporation of business on a cooperative plan.
(b) A cooperative formed pursuant to chapter 515B is subject to this chapter, except that in the event of a conflict between chapter 515B and this chapter, chapter 515B is controlling.
Subdivision 2. Penalty for misuse of term cooperative.
A corporation or association is guilty of a misdemeanor that violates subdivision 1.
History: 1989 c 144 art 1 s 3; 1993 c 222 art 5 s 1