§ 10-15-46 — Involuntary dissolution

1. A cooperative may be dissolved involuntarily by a decree of the district court where the
principal office or registered agent is located in an action commenced by the attorney
general when any of the following is established:
a. The cooperative's certificate of association was procured through fraud.
b. The cooperative has continued to exceed or abuse the authority conferred upon it
by this chapter.
c. The cooperative failed to comply with a court order for the production of books,
records, or other documents of the cooperative as provided in section 10-15-35.
2. If the cooperative cures its defaults under subdivision c of subsection 1 prior to the
entry of the court's final decree and pays all penalties and court costs that have
accrued, the claim for relief with respect to the defaults so cured will abate.