Minnesota Legislature
Office of the Revisor of Statutes
2024 Minnesota Statutes
CHAPTER 308C. COOPERATIVE HOUSING ACT
NOTE: This chapter, as added by Laws 2024, chapter 96, article 1, sections 1 to 90, is effective August 1, 2025. Laws 2024, chapter 96, article 1, section 91.
| Section | Headnote |
|---|---|
| 308C.001 | CITATION. |
| 308C.003 | APPLICATION OF OTHER STATUTES. |
| DEFINITIONS | |
| 308C.005 | DEFINITIONS. |
| GENERAL PROVISIONS | |
| 308C.007 | LEGAL RECOGNITION OF ELECTRONIC RECORDS AND SIGNATURES. |
| 308C.009 | USE OF TERM COOPERATIVE RESTRICTED. |
| 308C.101 | RESERVATION OF RIGHT. |
| 308C.111 | FILING FEES. |
| 308C.115 | REGISTERED OFFICE. |
| 308C.121 | ANNUAL RENEWAL. |
| ORGANIZATION | |
| 308C.201 | ORGANIZATIONAL PURPOSE. |
| 308C.205 | ORGANIZERS. |
| 308C.211 | COOPERATIVE NAME. |
| 308C.215 | ARTICLES OF ORGANIZATION. |
| 308C.221 | AMENDMENT OF ARTICLES. |
| 308C.225 | AMENDMENT OF ORGANIZATIONAL DOCUMENTS TO BE GOVERNED BY THIS CHAPTER. |
| 308C.235 | EXISTENCE. |
| 308C.241 | BYLAWS. |
| 308C.245 | COOPERATIVE RECORDS. |
| POWERS | |
| 308C.301 | POWERS. |
| 308C.305 | EMERGENCY POWERS. |
| 308C.311 | OCCUPANCY AGREEMENTS AND PROPRIETARY LEASES. |
| 308C.312 | LIMITED EQUITY COOPERATIVES. |
| BOARD OF DIRECTORS | |
| 308C.401 | BOARD GOVERNS COOPERATIVE. |
| 308C.405 | NUMBER OF DIRECTORS. |
| 308C.411 | ELECTION OF DIRECTORS. |
| 308C.415 | FILLING VACANCIES. |
| 308C.421 | REMOVAL OF DIRECTORS. |
| 308C.425 | BOARD OF DIRECTORS' MEETINGS. |
| 308C.431 | QUORUM. |
| 308C.435 | ACT OF BOARD OF DIRECTORS. |
| 308C.441 | ACTION WITHOUT A MEETING. |
| 308C.451 | COMMITTEES. |
| 308C.455 | STANDARD OF CONDUCT. |
| 308C.461 | DIRECTOR CONFLICTS OF INTEREST. |
| 308C.465 | LIMITATION OF DIRECTOR'S LIABILITY. |
| INDEMNIFICATION | |
| 308C.471 | INDEMNIFICATION. |
| OFFICERS | |
| 308C.475 | OFFICERS. |
| MEMBERS | |
| 308C.501 | MEMBERS. |
| 308C.502 | MEMBER RESTRICTIONS. |
| 308C.505 | MEMBER NOT LIABLE FOR COOPERATIVE DEBTS. |
| 308C.511 | REGULAR MEMBER MEETINGS. |
| 308C.515 | SPECIAL MEMBER MEETINGS. |
| 308C.521 | CERTIFICATION OF MEETING NOTICE. |
| 308C.525 | QUORUM. |
| 308C.531 | REMOTE COMMUNICATIONS FOR MEMBER MEETINGS. |
| 308C.535 | ACT OF MEMBERS. |
| 308C.541 | ACTION WITHOUT A MEETING. |
| 308C.545 | MEMBER VOTING RIGHTS. |
| 308C.571 | SALE OF PROPERTY AND ASSETS. |
| MEMBERSHIP INTERESTS | |
| 308C.601 | MEMBERSHIP INTERESTS. |
| 308C.602 | TITLE TO MEMBERSHIP IN THE COOPERATIVE. |
| 308C.603 | DEVELOPER RIGHTS, RESTRICTIONS, AND OBLIGATIONS. |
| 308C.605 | ASSIGNMENT OF FINANCIAL RIGHTS. |
| 308C.611 | NATURE OF A MEMBERSHIP INTEREST AND STATEMENT OF INTEREST OWNED. |
| 308C.612 | SENIOR HOUSING COOPERATIVE OFFERING DOCUMENTS; GENERAL PROVISIONS. |
| 308C.613 | BUDGET AND REPLACEMENT RESERVE REQUIREMENTS. |
| 308C.614 | LIEN FOR ASSESSMENTS. |
| 308C.615 | FORECLOSURE OF LIENS OR TO ACQUIRE OCCUPANCY RIGHTS FOLLOWING MEMBERSHIP TERMINATION IN A SENIOR HOUSING COOPERATIVE. |
| 308C.616 | CERTIFICATED MEMBERSHIP INTERESTS. |
| 308C.621 | LOST CERTIFICATES; REPLACEMENT. |
| 308C.625 | RESTRICTION ON TRANSFER OR REGISTRATION OF MEMBERSHIP INTERESTS. |
| OPERATING AGREEMENT | |
| 308C.627 | OPERATING AGREEMENT. |
| CONTRIBUTIONS, ALLOCATIONS, AND DISTRIBUTIONS | |
| 308C.701 | AUTHORIZATION, FORM, AND ACCEPTANCE OF CONTRIBUTIONS. |
| 308C.705 | RESTATEMENT OF VALUE OF PREVIOUS CONTRIBUTIONS. |
| 308C.711 | CONTRIBUTION AGREEMENTS. |
| 308C.715 | CONTRIBUTION RIGHTS AGREEMENTS. |
| 308C.721 | ALLOCATIONS AND DISTRIBUTIONS TO MEMBERS. |
| 308C.725 | ALLOCATIONS AND DISTRIBUTIONS TO OCCUPANT MEMBERS. |
| 308C.735 | DISTRIBUTION OF UNCLAIMED PROPERTY. |
| MERGER AND CONSOLIDATION | |
| 308C.801 | MERGER AND CONSOLIDATION. |
| 308C.805 | MERGER OF SUBSIDIARY. |
| 308C.835 | ABANDONMENT. |
| DISSOLUTION | |
| 308C.901 | METHODS OF DISSOLUTION. |
| 308C.902 | VOLUNTARY DISSOLUTION BY MEMBERS. |
| 308C.903 | NOTICE OF INTENT TO DISSOLVE. |
| 308C.905 | WINDING UP. |
| 308C.911 | REVOCATION OF DISSOLUTION PROCEEDINGS. |
| 308C.915 | STATUTE OF LIMITATIONS. |
| 308C.921 | ARTICLES OF DISSOLUTION. |
| 308C.925 | APPLICATION FOR COURT-SUPERVISED VOLUNTARY DISSOLUTION. |
| 308C.931 | COURT-ORDERED REMEDIES OR DISSOLUTION. |
| 308C.935 | PROCEDURE INVOLUNTARY OR COURT-SUPERVISED VOLUNTARY DISSOLUTION. |
| 308C.941 | RECEIVER QUALIFICATIONS AND POWERS. |
| 308C.945 | DISSOLUTION ACTION BY ATTORNEY GENERAL; ADMINISTRATIVE DISSOLUTION. |
| 308C.951 | FILING CLAIMS IN COURT-SUPERVISED DISSOLUTION PROCEEDINGS. |
| 308C.955 | DISCONTINUANCE OF COURT-SUPERVISED DISSOLUTION PROCEEDINGS. |
| 308C.961 | COURT-SUPERVISED DISSOLUTION ORDER. |
| 308C.965 | FILING COURT'S DISSOLUTION ORDER. |
| 308C.971 | BARRING OF CLAIMS. |
| 308C.975 | RIGHT TO SUE OR DEFEND AFTER DISSOLUTION. |
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Revisor of Statutes