reglab/housing_qa huggingface dataset:
MN Stat § 308B.725 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.725 — Allocations And Distributions To Patron Members.

308B.725 ALLOCATIONS AND DISTRIBUTIONS TO PATRON MEMBERS. Subdivision 1. Distribution of net income. A cooperative may set aside a portion of net income allocated to the patron membership interests as the board determines advisable to create or maintain a capital reserve. Subd. 2. Reserves. In addition to a capital reserve, the board may, for patron membership interests: (1) set aside an amount not to exceed five percent of the annual net income of the cooperative for promoting and encouraging cooperative organization; and (2) establish and accumulate reserves for new buildings, machinery and equipment, depreciation, losses, and other proper purposes. Subd. 3. Patronage distributions. Net income allocated to patron members in excess of dividends on equity and additions to reserves shall be distributed to patron members on the basis of patronage. A cooperative may establish allocation units, whether the units are functional, divisional, departmental, geographic, or otherwise and pooling arrangements and may account for and distribute net income to patrons on the basis of allocation units and pooling arrangements. A cooperative may offset the net loss of an allocation unit or pooling arrangement against the net income of other allocation units or pooling arrangements. Subd. 4. Frequency of distribution. Distribution of net income shall be made at least annually. The board shall present to the members at their annual meeting a report covering the operations of the cooperative during the preceding fiscal year. Subd. 5. Form of distribution. A cooperative may distribute net income to patron members in cash, capital credits, allocated patronage equities, revolving fund certificates, or its own or other securities. Subd. 6. Eligible nonmember patrons. The cooperative may provide in the bylaws that nonmember patrons are allowed to participate in the distribution of net income payable to patron members on equal terms with patron members. Subd. 7. Patronage credits for ineligible members. If a nonmember patron with patronage credits is not qualified or eligible for membership, a refund due may be credited to the patron's individual account. The board may issue a certificate of interest to reflect the credited amount. After the patron is issued a certificate of interest, the patron may participate in the distribution of income on the same basis as a patron member. History:   2003 c 105 art 1 s 65
MN Stat § 308B.735 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.735 — Distribution Of Unclaimed Property.

308B.735 DISTRIBUTION OF UNCLAIMED PROPERTY. Subdivision 1. Alternate procedure to disburse property. A cooperative may, in lieu of paying or delivering to the state the unclaimed property specified in its report of unclaimed property, distribute the unclaimed property to a business entity or organization that is exempt from taxation. Subd. 2.  [Repealed, 2005 c 109 s 8] Subd. 3. Owner's right extinguished on disbursement. The right of an owner to unclaimed property held by a cooperative is extinguished when the property is disbursed by the cooperative to a tax exempt organization if: (1) notice that the payment is available has been mailed to the last known address of the person shown by the records to be entitled to the property; or (2) the address is unknown, notice is published in an official publication of the cooperative. History:  2003 c 105 art 1 s 67; 2004 c 228 art 1 s 54; 2005 c 109 s 3,4
MN Stat § 308B.901 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.901 — Methods Of Dissolution.

308B.901 METHODS OF DISSOLUTION. A cooperative may be dissolved by the members or by order of the court. History:   2003 c 105 art 1 s 71
MN Stat § 308B.903 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.903 — Notice Of Intent To Dissolve.

308B.903 NOTICE OF INTENT TO DISSOLVE. Before a cooperative begins dissolution, a notice of intent to dissolve must be filed with the secretary of state. The notice must contain: (1) the name of the cooperative; (2) the date and place of the members' meeting at which the resolution was approved; and (3) a statement that the requisite vote of the members approved the proposed dissolution. History:   2007 c 148 art 2 s 54
MN Stat § 308B.905 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.905 — Winding Up.

308B.905 WINDING UP. Subdivision 1. Collection and payment of debts. After the notice of intent to dissolve has been filed with the secretary of state, the board, or the officers acting under the direction of the board shall proceed as soon as possible: (1) to collect or make provision for the collection of all debts due or owing to the cooperative, including unpaid subscriptions for shares; and (2) to pay or make provision for the payment of all debts, obligations, and liabilities of the cooperative according to their priorities. Subd. 2. Transfer of assets. After the notice of intent to dissolve has been filed with the secretary of state, the board may sell, lease, transfer, or otherwise dispose of all or substantially all of the property and assets of the dissolving cooperative without a vote of the members. Subd. 3. Distribution to members. Tangible and intangible property, including money, remaining after the discharge of the debts, obligations, and liabilities of the cooperative shall be distributed to the members and former members as provided in the articles or bylaws, unless otherwise provided by law. If previously authorized by the members, the tangible and intangible property of the cooperative may be liquidated and disposed of at the discretion of the board. History:   2003 c 105 art 1 s 72
MN Stat § 308B.911 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.911 — Revocation Of Dissolution Proceedings.

308B.911 REVOCATION OF DISSOLUTION PROCEEDINGS. Subdivision 1. Authority to revoke. Dissolution proceedings may be revoked before the articles of dissolution are filed with the secretary of state. Subd. 2. Revocation by members. The chair may call a members' meeting to consider the advisability of revoking the dissolution proceedings. The question of the proposed revocation shall be submitted to the members at the members' meeting called to consider the revocation. The dissolution proceedings are revoked if the proposed revocation is approved at the members' meeting by a majority of the members of the cooperative or for a cooperative with articles or bylaws requiring a greater number of members, the number of members required by the articles or bylaws. Subd. 3. Filing with secretary of state. Revocation of dissolution proceedings is effective when a notice of revocation is filed with the secretary of state. After the notice is filed, the cooperative may resume business. History:   2003 c 105 art 1 s 73
MN Stat § 308B.915 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.915 — Statute Of Limitations.

308B.915 STATUTE OF LIMITATIONS. The claim of a creditor or claimant against a dissolving cooperative is barred if the claim has not been enforced by initiating legal, administrative, or arbitration proceedings concerning the claim by two years after the date the notice of intent to dissolve is filed with the secretary of state. History:   2003 c 105 art 1 s 74
MN Stat § 308B.921 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.921 — Articles Of Dissolution.

308B.921 ARTICLES OF DISSOLUTION. Subdivision 1. Conditions to file. Articles of dissolution of a cooperative shall be filed with the secretary of state after payment of the claims of all known creditors and claimants has been made or provided for and the remaining property has been distributed by the board. The articles of dissolution shall state: (1) that all debts, obligations, and liabilities of the cooperative have been paid or discharged or adequate provisions have been made for them or time periods allowing claims have run and other claims are not outstanding; (2) that the remaining property, assets, and claims of the cooperative have been distributed among the members or under a liquidation authorized by the members; and (3) that legal, administrative, or arbitration proceedings by or against the cooperative are not pending or adequate provision has been made for the satisfaction of a judgment, order, or decree that may be entered against the cooperative in a pending proceeding. Subd. 2. Dissolution effective on filing. The cooperative is dissolved when the articles of dissolution have been filed with the secretary of state. Subd. 3. Certificate. The secretary of state shall issue to the dissolved cooperative or its legal representative a certificate of dissolution that contains: (1) the name of the dissolved cooperative; (2) the date the articles of dissolution were filed with the secretary of state; and (3) a statement that the cooperative is dissolved. History:   2003 c 105 art 1 s 75
MN Stat § 308B.925 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.925 — Application For Court-supervised Voluntary Dissolution.

308B.925 APPLICATION FOR COURT-SUPERVISED VOLUNTARY DISSOLUTION. 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
MN Stat § 308B.935 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.935 — Procedure In Involuntary Or Court-supervised Voluntary Dissolution.

308B.935 PROCEDURE IN INVOLUNTARY OR COURT-SUPERVISED VOLUNTARY DISSOLUTION. Subdivision 1. Action before hearing. In dissolution proceedings before a hearing can be completed the court may: (1) issue injunctions; (2) appoint receivers with all powers and duties that the court directs; (3) take actions required to preserve the cooperative's assets wherever located; and (4) carry on the business of the cooperative. Subd. 2. Action after hearing. After a hearing is completed, upon notice to parties to the proceedings and to other parties in interest designated by the court, the court may appoint a receiver to collect the cooperative's assets, including amounts owing to the cooperative by subscribers on account of an unpaid portion of the consideration for the issuance of shares. In addition to the powers set forth in chapter 576, a receiver has authority, subject to the order of the court, to continue the business of the cooperative and to sell, lease, transfer, or otherwise dispose of the property and assets of the cooperative either at public or private sale. Subd. 3. Discharge of obligations. The assets of the cooperative or the proceeds resulting from a sale, lease, transfer, or other disposition shall be applied in the order of priority set forth in section 576.51. Subd. 4. Remainder to members. After payment of the expenses of receivership and claims of creditors are proved, the remaining assets, if any, may be distributed to the members or distributed under an approved liquidation plan. History:  2003 c 105 art 1 s 78; 2012 c 143 art 3 s 11,12
MN Stat § 308B.941 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.941 — Receiver Qualifications And Powers.

308B.941 RECEIVER QUALIFICATIONS AND POWERS. Subdivision 1. Qualifications. Any person qualified under section 576.26 may be appointed as a receiver. A receiver shall give a bond as required by section 576.27. Subd. 2. Powers. A receiver may sue and defend all actions as receiver of the cooperative. The court appointing the receiver has exclusive jurisdiction over the cooperative, the receiver, and all receivership property pursuant to section 576.23. History:  2003 c 105 art 1 s 79; 2012 c 143 art 3 s 13
MN Stat § 308B.945 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.945 — Dissolution Action By Attorney General; Administrative Dissolution.

308B.945 DISSOLUTION ACTION BY ATTORNEY GENERAL; ADMINISTRATIVE DISSOLUTION. Subdivision 1. Conditions to begin action. A cooperative may be dissolved involuntarily by a decree of a court in this state in an action filed by the attorney general if it is established that: (1) the articles and certificate of organization were procured through fraud; (2) the cooperative was organized for a purpose not permitted by this chapter or prohibited by state law; (3) the cooperative has flagrantly violated a provision of this chapter, has violated a provision of this chapter more than once, or has violated more than one provision of this chapter; or (4) the cooperative has acted, or failed to act, in a manner that constitutes surrender or abandonment of the cooperative's franchise, privileges, or enterprise. Subd. 2. Notice to cooperative. An action may not be commenced under subdivision 1 until 30 days after notice to the cooperative by the attorney general of the reason for the filing of the action. If the reason for filing the action is an act that the cooperative has done, or omitted to do, and the act or omission may be corrected by an amendment of the articles or bylaws or by performance of or abstention from the act, the attorney general shall give the cooperative 30 additional days to make the correction before filing the action. History:   2003 c 105 art 1 s 80
MN Stat § 308B.951 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.951 — Filing Claims In Court-supervised Dissolution Proceedings.

308B.951 FILING CLAIMS IN COURT-SUPERVISED DISSOLUTION PROCEEDINGS. Subdivision 1. Filing under oath. In proceedings to dissolve a cooperative, the court may require all creditors and claimants of the cooperative to file their claims pursuant to section 576.49. The receiver or any party in interest may object to any claim pursuant to section 576.50. Subd. 2.  [Repealed, 2012 c 143 art 3 s 39] Subd. 3.  [Repealed, 2012 c 143 art 3 s 39] History:  2003 c 105 art 1 s 81; 2012 c 143 art 3 s 14
MN Stat § 308B.955 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.955 — Discontinuance Of Court-supervised Dissolution Proceedings.

308B.955 DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS. 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
MN Stat § 308B.961 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.961 — Court-supervised Dissolution Order.

308B.961 COURT-SUPERVISED DISSOLUTION ORDER. Subdivision 1. Conditions for dissolution order. In an involuntary or supervised voluntary dissolution after the costs and expenses of the proceedings and all debts, obligations, and liabilities of the cooperative have been paid or discharged and the remaining property and assets have been distributed to its members or, if its property and assets are not sufficient to satisfy and discharge the costs, expenses, debts, obligations, and liabilities, when all the property and assets have been applied so far as they will go to their payment according to their priorities, the court shall enter an order dissolving the cooperative. Subd. 2. Dissolution effective on filing order. When the order dissolving the cooperative or association has been entered, the cooperative or association is dissolved. History:   2003 c 105 art 1 s 83
MN Stat § 308B.965 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.965 — Filing Court's Dissolution Order.

308B.965 FILING COURT'S DISSOLUTION ORDER. After the court enters an order dissolving a cooperative, the court administrator shall cause a certified copy of the dissolution order to be filed with the secretary of state. The secretary of state may not charge a fee for filing the dissolution order. History:   2003 c 105 art 1 s 84
MN Stat § 308B.971 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.971 — Barring Of Claims.

308B.971 BARRING OF CLAIMS. Subdivision 1. Claims barred. A person who is or becomes a creditor or claimant before, during, or following the conclusion of dissolution proceedings, who does not file a claim or pursue a remedy in a legal, administrative, or arbitration proceeding during the pendency of the dissolution proceeding or has not initiated a legal, administrative, or arbitration proceeding before the commencement of the dissolution proceedings and all those claiming through or under the creditor or claimant, are forever barred from suing on that claim or otherwise realizing upon or enforcing it, except as provided in this section. Subd. 2. Certain unfiled claims allowed. Within one year after articles of dissolution have been filed with the secretary of state under this chapter or a dissolution order has been entered, a creditor or claimant who shows good cause for not having previously filed the claim may apply to a court in this state to allow a claim: (1) against the cooperative to the extent of undistributed assets; or (2) if the undistributed assets are not sufficient to satisfy the claim, the claim may be allowed against a member to the extent of the distributions to members in dissolution received by the member. Subd. 3. Omitted claims allowed. Debts, obligations, and liabilities incurred during dissolution proceedings shall be paid or provided for by the cooperative before the distribution of assets to a member. A person to whom this kind of debt, obligation, or liability is owed but is not paid may pursue any remedy against the offenders, directors, or members of the cooperative before the expiration of the applicable statute of limitations. This subdivision does not apply to dissolution under the supervision or order of a court. History:   2003 c 105 art 1 s 85
MN Stat § 308B.975 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308B — Cooperative Associations|Section 308B.975 — Right To Sue Or Defend After Dissolution.

308B.975 RIGHT TO SUE OR DEFEND AFTER DISSOLUTION. 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
MN Stat § 309.533 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 309 — Social And Charitable Organizations|Section 309.533 — Investigations.

309.533 INVESTIGATIONS. Subdivision 1. Attorney general investigation powers. The attorney general: (a) may make public or private investigations within or outside the state as deemed necessary by the attorney general to determine whether any person has violated or is about to violate any provision of sections 309.50 to 309.61 or any rule or order thereunder, or to aid in the enforcement of sections 309.50 to 309.61 in the prescribing of rules and forms thereunder, and may publish information, concerning the violation of sections 309.50 to 309.61 or any rule or order thereunder. (b) may require or permit any person to file a statement in writing, under oath or otherwise as the attorney general determines, as to all facts and circumstances concerning the matter being investigated. Subd. 2.  [Repealed, 1987 c 336 s 47] Subd. 3.  [Repealed, 1987 c 336 s 47] Subd. 4.  [Repealed, 1987 c 336 s 47] Subd. 5. Attorney general discovery powers. In connection with an investigation under this section, the attorney general may obtain discovery from any person regarding any matter, fact, or circumstance, not privileged, that is relevant to the subject matter involved in the investigation, in accordance with the provisions of section 8.31. History:  1978 c 601 s 11; 1986 c 444; 1987 c 336 s 36,46
MN Stat § 309.54 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 309 — Social And Charitable Organizations|Section 309.54 — Records.

309.54 RECORDS. Subdivision 1. Filed documents are public records. Registration statements, annual reports, and other documents required to be filed shall become public records in the Office of the Attorney General. Subd. 2. Inspection by attorney general. Every person subject to sections 309.50 to 309.61 shall maintain, for not less than three years from the date of preparation, accurate and detailed books and records to provide the information required by sections 309.50 to 309.61. All such books and records shall be open to inspection at all reasonable times by the attorney general. Subd. 3. Retention of books and records. Every charitable organization which is required to file an annual report under section 309.53 shall keep and maintain, at the place designated in its registration statement, the original books and records, or true copies thereof, pertaining to all money or other property collected from residents of this state and to the disbursement of such money or property. Such books and records shall be preserved for a period of not less than three years from the date of preparation thereof. History:  1961 c 309 s 5; 1969 c 112 s 11,12; 1969 c 1129 art 4 s 4; 1973 c 762 s 9; 1987 c 336 s 37; 1995 c 235 s 10