Minn. Stat. § 308B.955: Discontinuance Of Court-supervised Dissolution Proceedings

§ 308B.955 Discontinuance Of Court-supervised Dissolution Proceedings

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 involuntary or supervised voluntary dissolution of a cooperative may be discontinued at any time during the dissolution proceedings if it is established that cause for dissolution does not exist. The court shall dismiss the proceedings and direct the receiver, if any, to redeliver to the cooperative its remaining property and assets and to file a final report pursuant to section 576.38, subdivision 3.

History: 2003 c 105 art 1 s 82; 2012 c 143 art 3 s 15

Notes & interpretation Not part of the law

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

In plain language#

At any time during the proceedings, the involuntary or supervised voluntary dissolution "may be discontinued ... if it is established that cause for dissolution does not exist." The court then dismisses the proceedings and directs the receiver, if there is one, to redeliver to the cooperative its remaining property and assets and to file a final report under section 576.38, subdivision 3.

How it works in practice#

"Cause for dissolution" refers to the grounds in § 308B.931 and § 308B.945. The statute does not say who may move to discontinue or by what procedure.
Section 576.38, subd. 3 requires the final report to cover activities, property, expenditures, unpaid expenses, dispositions, distributions and, if not separately requested, approval of receiver fees and expenses. The section remains outside the site's captured set; this targeted check is not a complete receivership-procedure review.

Grounds: § 308B.931
Receivers: § 308B.941

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