Minn. Stat. § 308B.152: Foreign Cooperatives; Sections Applicable

§ 308B.152 Foreign Cooperatives; Sections Applicable

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.

Subdivision 1. General.

Except for this section, this chapter does not apply to foreign cooperatives.

Subdivision 2. Sections applicable.

(a) Except as provided in paragraph (b), a foreign cooperative is subject to chapter 303. Unless it complies with chapter 303, a foreign cooperative may not transact business in this state.

(b) Sections 303.05, 303.07, and 303.115 do not apply to foreign cooperatives.

History: 2008 c 203 s 8

Notes & interpretation Not part of the law

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

In plain language#

Chapter 308B is mainly for Minnesota cooperatives. The only part that reaches a foreign cooperative (one organized elsewhere) is this section. ^{P1, § 308B.152, subd. 1}

A foreign cooperative is subject to chapter 303, and unless it complies with chapter 303 it may not transact business in Minnesota. Three sections of chapter 303 (303.05, 303.07 and 303.115) do not apply to foreign cooperatives. ^{P1, § 308B.152, subd. 2}

How it works in practice#

"Foreign cooperative" is defined in § 308B.005, subd. 14: a foreign business entity organized to conduct business on a cooperative plan consistent with chapter 308B or chapter 308A.
A cooperative organized in another state is not governed by the 308B rules on articles, bylaws, governance or dissolution just because it does business in Minnesota. Its internal affairs are not addressed by this chapter.
The chapter 303 requirements are not reproduced on this site. This annotation does not describe what compliance with chapter 303 involves.

Definitions: § 308B.005

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)

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