Minnesota § 308C.961 COURT-SUPERVISED DISSOLUTION ORDER

Minnesota Statutes

§ 308C.961 — COURT-SUPERVISED DISSOLUTION ORDER

Minnesota § 308C.961

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 308CCOOPERATIVE HOUSING ACT

This text of Minnesota § 308C.961 (COURT-SUPERVISED DISSOLUTION ORDER) 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.961 (2026).

Text

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.

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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.