US Laws, Codes, Statutes & Cases

     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 the 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. 

    HIST: 2003 c 105 art 1 s 73 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.