Topic: definitions

• What is a patron member? faq

  A patron member is a member holding a patron membership interest, which requires the holder to conduct patronage business for or with the cooperative.

• What is patronage in a cooperative? faq

  Patronage is business, transactions or services done for or with the cooperative, as the cooperative defines it; federal patronage-dividend tax rules are separate.

• § 308B.005 Definitions statute

  The definitions section of chapter 308B. It fixes what terms such as cooperative, member, membership interest, patron, patronage, articles and filed with the secretary of state mean everywhere else in the chapter.

• § 308B.152 Foreign Cooperatives; Sections Applicable statute

  Chapter 308B mostly does not govern foreign cooperatives; a foreign cooperative must comply with chapter 303 to transact business in Minnesota.