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§ 308B.101 Reservation Of Right

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.

The state reserves the right to amend or repeal the provisions of this chapter by law. A cooperative organized or governed by this chapter is subject to this reserved right.

History: 2003 c 105 art 1 s 3

Notes & interpretation Not part of the law

Verified against sources: October 15, 2026Last edited: October 15, 2026

In plain language#

The Legislature can change or repeal chapter 308B. A cooperative that is organized or governed by the chapter is subject to that power. P1, § 308B.101

How it works in practice#

  • A cooperative's rights under the chapter are not frozen at the date of formation. Later amendments to the chapter may apply to existing cooperatives.
  • The section does not say how a change applies to a cooperative that already exists, or whether any particular amendment applies retroactively. Those questions turn on the amending act itself and on other law.
  • The history line shows the section dates from the chapter's original enactment (2003 c 105). Each section's history line lists its amendments; check it for the section you rely on.

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)

general-provisions

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