Topic: general-provisions
- § 308B.001 Citation statute
Chapter 308B can be cited by its short name, the Minnesota Cooperative Associations Act.
- § 308B.007 Legal Recognition Of Electronic Records And Signatures statute
Under chapter 308B, a record, signature or contract cannot be denied legal effect just because it is electronic, and an electronic record or signature satisfies any writing or signature requirement.
- § 308B.101 Reservation Of Right statute
The state reserves the right to amend or repeal chapter 308B by law, and every cooperative organized or governed by the chapter is subject to that reserved right.
- § 308B.111 Filing Fees statute
Unless the statute provides otherwise, the filing fee for a document filed with the secretary of state under chapter 308B is $35.
- § 308B.115 Registered Office And Agent statute
Every 308B cooperative must have a registered office; a registered agent is optional, and office and agent changes follow section 5.36.
- § 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.
- § 308B.571 Sale Of Property And Assets statute
Board may sell, lease or pledge cooperative assets without a member vote in listed cases; other sales of all or substantially all assets outside the ordinary course need a majority member vote after written notice.
- § 308B.575 Vote Of Ownership Interests Held By Cooperative statute
When a cooperative owns an interest in another business entity, its board may appoint a representative to attend that entity's meetings and cast the cooperative's vote.
- § 308B.735 Distribution Of Unclaimed Property statute
A cooperative may distribute unclaimed property specified in its unclaimed-property report to a tax-exempt entity instead of paying or delivering that property to the state. The section does not waive reporting; the owner's right ends on disbursement with the required notice.