Subd. 1. General.

Except for this section, this chapter does not apply to foreign cooperatives.

Subd. 2. Sections applicable.

1. (a) Except as provided in paragraph (b), a foreign cooperative is subject to chapter 303. Unless it complies with chapter 303, a foreign cooperative may not transact business in this state.
2. (b) Sections 303.05, 303.07, and 303.115 do not apply to foreign cooperatives.