Minn. Stat. § 308B.925: Application For Court-supervised Voluntary Dissolution

§ 308B.925 Application For Court-supervised Voluntary Dissolution

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.

After a notice of intent to dissolve has been filed with the secretary of state and before a certificate of dissolution has been issued, the cooperative or, for good cause shown, a member or creditor may apply to a court within the county where the registered address is located to have the dissolution conducted or continued under the supervision of the court.

History: 2003 c 105 art 1 s 76

Notes & interpretation Not part of the law

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

In plain language#

A voluntary dissolution can be converted into a court-supervised one. The window opens when the notice of intent to dissolve has been filed (§ 308B.903) and closes when a certificate of dissolution has been issued. The cooperative may apply; a member or creditor may apply "for good cause shown." The application goes to a court in the county of the cooperative's registered address.

How it works in practice#

Court supervision brings in the court's powers and receiver procedures: § 308B.931, § 308B.935, § 308B.941, and the ordering and filing rules in § 308B.961 and § 308B.965.
The statute does not define "good cause."

Court remedies and grounds: § 308B.931
Procedure: § 308B.935

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