Minnesota § 308B.921 ARTICLES OF DISSOLUTION

Minnesota Statutes

§ 308B.921 — ARTICLES OF DISSOLUTION

Minnesota § 308B.921

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 308BCOOPERATIVE ASSOCIATIONS ACT

This text of Minnesota § 308B.921 (ARTICLES OF DISSOLUTION) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 308B.921 (2026).

Text

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 no

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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.