Minn. Stat. § 308B.915: Statute Of Limitations

§ 308B.915 Statute Of Limitations

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 claim of a creditor or claimant against a dissolving cooperative is barred if the claim has not been enforced by initiating legal, administrative, or arbitration proceedings concerning the claim by two years after the date the notice of intent to dissolve is filed with the secretary of state.

History: 2003 c 105 art 1 s 74

Notes & interpretation Not part of the law

Verified against sources: October 15, 2026Last edited: October 16, 2026

In plain language#

The clock is two years. A creditor or claimant of a dissolving cooperative loses the claim if the claim "has not been enforced by initiating legal, administrative, or arbitration proceedings" within two years after the date the notice of intent to dissolve is filed with the Secretary of State (§ 308B.903).

How it works in practice#

The period runs from the filing of the notice, not from the filing of articles of dissolution (§ 308B.921).
§ 308B.971 separately addresses claims not filed or pursued during dissolution and a good-cause application within one year after the articles are filed or a dissolution order entered. Those are different triggering events; this section does not promise every creditor two years after notice regardless of the dissolution's completion.

Notice of intent to dissolve: § 308B.903
Barring of claims: § 308B.971

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)

dissolution liability