Minn. Stat. § 308B.975: Right To Sue Or Defend After Dissolution

§ 308B.975 Right To Sue Or Defend After 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 cooperative has been dissolved, any of its former officers, directors, or members may assert or defend, in the name of the cooperative, a claim by or against the cooperative.

History: 2003 c 105 art 1 s 86

Notes & interpretation Not part of the law

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

In plain language#

After a cooperative has been dissolved, "any of its former officers, directors, or members may assert or defend, in the name of the cooperative, a claim by or against the cooperative."

How it works in practice#

This lets claims be pursued or defended after the cooperative itself has ceased to exist (§ 308B.921). Late claims against the dissolved cooperative are limited by § 308B.971.
The statute says "may," and does not say who decides among competing former officers, directors or members, or whether costs can be recovered from the cooperative's former members.

Barring of claims: § 308B.971
Articles of dissolution: § 308B.921

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 members