2007 Minnesota Code
Chapters 300 - 319B Corporations
Chapter 308B Cooperative Associations Act
Section 308B.911 REVOCATION OF DISSOLUTION PROCEEDINGS.
308B.911 REVOCATION OF DISSOLUTION PROCEEDINGS.
Subdivision 1. Authority to revoke. Dissolution proceedings may be revoked before the
articles of dissolution are filed with the secretary of state.
Subd. 2. Revocation by members. The chair may call a members' meeting to consider the
advisability of revoking the dissolution proceedings. The question of the proposed revocation
shall be submitted to the members at the members' meeting called to consider the revocation.
The dissolution proceedings are revoked if the proposed revocation is approved at the members'
meeting by a majority of the members of the cooperative or for a cooperative with articles or
bylaws requiring a greater number of members, the number of members required by the articles
or bylaws.
Subd. 3. Filing with secretary of state. Revocation of dissolution proceedings is effective
when a notice of revocation is filed with the secretary of state. After the notice is filed, the
cooperative may resume business.
History: 2003 c 105 art 1 s 73
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