Minnesota § 308C.902 VOLUNTARY DISSOLUTION BY MEMBERS

Minnesota Statutes

§ 308C.902 — VOLUNTARY DISSOLUTION BY MEMBERS

Minnesota § 308C.902

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 308CCOOPERATIVE HOUSING ACT

This text of Minnesota § 308C.902 (VOLUNTARY DISSOLUTION BY MEMBERS) 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. § 308C.902 (2026).

Text

Subdivision 1.Meeting to consider dissolution.
A regular or a special member meeting may be called to consider dissolution of a cooperative.

Subd. 2.Approval.
The proposed dissolution must be submitted for approval at the member meeting. The dissolution must be started if a quorum is present and the proposed dissolution is approved at a meeting by the affirmative vote of two-thirds of the entire membership of record, 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 if the conditions for approval in the articles or bylaws are satisfied.

Subd. 3.Revocation of dissolution.
The member

Free access — add to your briefcase to read the full text and ask questions with AI

Subdivision 1.Meeting to consider dissolution.
A regular or a special member meeting may be called to consider dissolution of a cooperative.

Subd. 2.Approval.
The proposed dissolution must be submitted for approval at the member meeting. The dissolution must be started if a quorum is present and the proposed dissolution is approved at a meeting by the affirmative vote of two-thirds of the entire membership of record, 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 if 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.