reglab/housing_qa huggingface dataset:
MN Stat § 308A.641 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.641 — Voting In Cooperatives Constituted Entirely Or Partially Of Other Cooperatives Or Associations.

308A.641 VOTING IN COOPERATIVES CONSTITUTED ENTIRELY OR PARTIALLY OF OTHER COOPERATIVES OR ASSOCIATIONS. Subdivision 1. Voting by members that are cooperatives or associations. A cooperative that is constituted entirely or partially of other cooperatives or associations may authorize by the articles or the bylaws for affiliated cooperative members to have an additional vote for: (1) a stipulated amount of business transacted between the member cooperative and the cooperative central organization; (2) a stipulated number of members in the member cooperative; (3) a certain stipulated amount of equity allocated to or held by the member cooperative in the cooperative central organization; or (4) a combination of methods in clauses (1) to (3). Subd. 2. Voting by members who are not cooperatives or associations. A cooperative that is constituted partially of other cooperatives or associations and partially of members who are not cooperatives or associations, and that has its members who are not cooperatives or associations organized into local units of members, may, by the articles or the bylaws, authorize the delegates elected by its members who are not cooperatives or associations, and who are organized into local units of members, to have an additional vote for: (1) a stipulated amount of business transacted between the members in the voting units and the cooperative; (2) a certain stipulated amount of equity allocated to or held by the members of the voting units in the cooperative; or (3) a combination of methods in clauses (1) and (2). History:  1989 c 144 art 1 s 35; 1989 c 356 s 3; 1995 c 150 s 3
MN Stat § 308A.645 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.645 — Vote Of Corporate Stock Held By Cooperative.

308A.645 VOTE OF CORPORATE STOCK HELD BY COOPERATIVE. A cooperative that holds stock of another corporation may by direction of the cooperative's board or members elect or appoint a person to represent the cooperative at a meeting of the corporation. The representative has authority to represent the cooperative and may cast the cooperative's vote at the corporation's meeting. History:   1989 c 144 art 1 s 36
MN Stat § 308A.701 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.701 — Reserves.

308A.701 RESERVES. Subdivision 1. Capital reserve. A cooperative may set aside a portion of net income as the board determines advisable to create or maintain a capital reserve. Subd. 2. Additional reserves. In addition to a capital reserve, the board may: (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. History:   1989 c 144 art 1 s 37
MN Stat § 308A.705 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.705 — Distribution Of Income.

308A.705 DISTRIBUTION OF INCOME. Subdivision 1. Distribution of net income. Net income in excess of dividends on capital stock, nonstock units of equity, and additions to reserves shall be distributed 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 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 to the extent permitted by section 1388(j) of the Internal Revenue Code of 1986, as amended through December 31, 1996. Subd. 2. Frequency of income distribution. (a) Distribution of net income shall be made at least annually. (b) A cooperative with income from trucking operations may only distribute net income 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. 3. Dividends. Dividends may be paid on common stock and nonstock units of equity only if the net income of the cooperative for the previous fiscal year is sufficient. Unless otherwise provided in the articles of incorporation, the dividends are not cumulative. Subd. 4. Form of distribution. A cooperative may distribute net income in cash, capital stock credits, allocated patronage equities, revolving fund certificates, or its own or other securities. Subd. 5. Eligible nonmember patrons. (a) The members may provide in the bylaws that nonmember patrons are allowed to participate in the distribution of net income on equal terms with member patrons. (b) If a nonmember patron is qualified and eligible for membership, the amount of patronage refund due shall be credited to the patron's individual account. (c) If the credits equal the value of a share of common stock that entitles the stockholder to vote, or a membership, a share of stock or a membership shall be issued to the nonmember patron. Subd. 6. 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. If the credited amount in the individual account of a patron ineligible for membership equals the value of a share of common stock and does not entitle the holder to vote, or to preferred stock or a certificate of interest, the board may issue a share of preferred stock or a certificate of interest. After the patron is issued preferred stock or a certificate of interest, the patron may participate in the distribution of income on the same basis as a stockholder or member. History:  1989 c 144 art 1 s 38; art 3 s 25; 1997 c 231 art 16 s 11; 1998 c 401 s 47,48; 2000 c 379 s 2
MN Stat § 308A.711 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.711 — Distribution Of Unclaimed Property.

308A.711 DISTRIBUTION OF UNCLAIMED PROPERTY. Subdivision 1. Alternate procedure to disburse property. Notwithstanding the provisions of section 345.43, a cooperative may, in lieu of paying or delivering to the commissioner of commerce the unclaimed property specified in its report of unclaimed property, distribute the unclaimed property to a corporation or organization that is exempt from taxation under section 290.05, subdivision 1, clause (b), or 2. 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:  1989 c 144 art 1 s 39; 2000 c 483 s 49; 2005 c 109 s 1,2; 2020 c 83 art 1 s 79
MN Stat § 308A.901 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.901 — Liquidation.

308A.901 LIQUIDATION. Subdivision 1. Members may authorize liquidation. If a liquidation is authorized by the members, the board may dispose of all or substantially all of the property of the cooperative on terms and conditions determined by the board. Subd. 2. Resolution at members' meeting. The members may authorize a liquidation by adopting a resolution at a members' meeting. The notice of the members' meeting must include a statement that the disposition of the property of the cooperative will be considered at the meeting. If a quorum is present in person or by mail ballot at the members' meeting, the resolution approving of the liquidation is adopted if: (1) approved by two-thirds of the votes cast; or (2) for a cooperative with articles or bylaws requiring more than two-thirds for approval or other conditions for approval, the resolution is approved by the proportion of the votes cast or a number of total members as required by the articles or bylaws and the conditions for approval in the articles or bylaws have been satisfied. History:  1989 c 144 art 1 s 41; art 3 s 29
MN Stat § 308A.905 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.905 — Methods Of Dissolution.

308A.905 METHODS OF DISSOLUTION. A cooperative may be dissolved by the members or by order of the court. History:  1989 c 144 art 1 s 42; art 3 s 30,49
MN Stat § 308A.911 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.911 — Voluntary Dissolution By Members.

308A.911 VOLUNTARY DISSOLUTION BY MEMBERS. Subdivision 1. Meeting to consider dissolution. A regular or a special members' meeting may be called to consider dissolution of a cooperative. Subd. 2. Approval. The proposed dissolution must be submitted for approval at the members' meeting. The dissolution must be started if a quorum is present and the proposed dissolution is approved at a meeting by two-thirds of the votes cast, or for a cooperative with articles or bylaws requiring a greater proportion of the votes cast or other conditions for approval, the dissolution is approved by the proportion of votes cast or the number of total members required by the articles or bylaws and the conditions for approval in the articles or bylaws are satisfied. Subd. 3. Revocation of dissolution. The members retain the right to revoke the dissolution proceedings and the right to remove directors and fill vacancies on the board. Subd. 4. 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. Subd. 5. Business after dissolution begins. After the notice of intent to dissolve has been filed with the secretary of state, the cooperative may carry on its business only to the extent necessary for the winding up of the cooperative unless the members revoke the dissolution proceedings. The existence of the cooperative continues to the extent necessary to wind up the affairs of the cooperative until the dissolution proceedings are revoked or articles of dissolution are filed with the secretary of state. Subd. 6. Remedies continued. The filing with the secretary of state of a notice of intent to dissolve does not affect a remedy in favor of the cooperative or a remedy against the cooperative or its directors, officers, or members in their capacities, except as provided in section 308A.981. History:  1989 c 144 art 1 s 43; art 3 s 31,49
MN Stat § 308A.915 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.915 — Winding Up.

308A.915 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 or association may be distributed to the members and former members as provided in the bylaws. 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:   1989 c 144 art 3 s 32
MN Stat § 308A.921 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.921 — Revocation Of Dissolution Proceedings.

308A.921 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 or president may call a members' meeting to consider the advisability of revoking the dissolution proceedings. The question of the proposed revocation must 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:   1989 c 144 art 3 s 33
MN Stat § 308A.925 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.925 — Statute Of Limitations.

308A.925 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, subject to the provisions of section 308A.981. History:   1989 c 144 art 3 s 34
MN Stat § 308A.931 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.931 — Articles Of Dissolution.

308A.931 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. Subd. 2. Contents of articles. The articles of dissolution must 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 under section 308A.925 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 pursuant to 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. 3. Dissolution effective on filing. The cooperative is dissolved when the articles of dissolution have been filed with the secretary of state. Subd. 4. 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:  1989 c 144 art 3 s 35; 2013 c 125 art 1 s 65
MN Stat § 308A.935 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.935 — Application For Court-supervised Voluntary Dissolution.

308A.935 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 office is located to have the dissolution conducted or continued under the supervision of the court as provided in section 308A.945. History:   1989 c 144 art 3 s 36
MN Stat § 308A.945 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.945 — Procedure In Involuntary Or Court-supervised Voluntary Dissolution.

308A.945 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, on notice the court directs to be given 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 pursuant to an approved liquidation plan. History:  1989 c 144 art 3 s 38; 2012 c 143 art 3 s 6,7
MN Stat § 308A.951 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.951 — Receiver Qualifications And Powers.

308A.951 RECEIVER QUALIFICATIONS AND POWERS. Subdivision 1. Qualifications. Any person qualified under section 576.26 may be appointed as a receiver. A receiver must 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:  1989 c 144 art 3 s 39; 2012 c 143 art 3 s 8
MN Stat § 308A.955 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.955 — Dissolution Action By Attorney General.

308A.955 DISSOLUTION ACTION BY ATTORNEY GENERAL. 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 incorporation were procured through fraud; (2) the cooperative was incorporated for a purpose not permitted by this chapter; (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 this section 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:   1989 c 144 art 3 s 40
MN Stat § 308A.961 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.961 — Filing Claims In Court-supervised Dissolution Proceedings.

308A.961 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 claims pursuant to section 576.50. Subd. 2.  [Repealed, 2012 c 143 art 3 s 39] History:  1989 c 144 art 3 s 41; 2012 c 143 art 3 s 9
MN Stat § 308A.965 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.965 — Discontinuance Of Court-supervised Dissolution Proceedings.

308A.965 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:  1989 c 144 art 3 s 42; 2012 c 143 art 3 s 10
MN Stat § 308A.971 (2021)
2021 Minnesota Statutes|Chapters 300 - 323A — Business, Social, And Charitable Organizations|Chapter 308A — Cooperatives|Section 308A.971 — Court-supervised Dissolution Order.

308A.971 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:   1989 c 144 art 3 s 43