Minn. Stat. ch. 308C – Cooperative Housing Act | Midpage

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Chapter 308C

Minn. Stat. ch. 308C

Cooperative Housing Act

308C.001Citation 308C.003Application of Other Statutes 308C.005Definitions 308C.007Legal Recognition of Electronic Records and Signatures 308C.009Use of Term Cooperative Restricted 308C.101Reservation of Right 308C.111Filing Fees 308C.115Registered Office 308C.121Annual Renewal 308C.201Organizational Purpose 308C.205Organizers 308C.211Cooperative Name 308C.215Articles of Organization 308C.221Amendment of Articles 308C.225Amendment of Organizational Documents to Be Governed by This Chapter 308C.235Existence 308C.241Bylaws 308C.245Cooperative Records 308C.301Powers 308C.305Emergency Powers 308C.311Occupancy Agreements and Proprietary Leases 308C.312Limited Equity Cooperatives 308C.401Board Governs Cooperative 308C.405Number of Directors 308C.411Election of Directors 308C.415Filling Vacancies 308C.421Removal of Directors 308C.425Board of Directors' Meetings 308C.431Quorum 308C.435Act of Board of Directors 308C.441Action Without a Meeting 308C.451Committees 308C.455Standard of Conduct 308C.461Director Conflicts of Interest 308C.465Limitation of Director's Liability 308C.471Indemnification 308C.475Officers 308C.501Members 308C.502Member Restrictions 308C.505Member Not Liable for Cooperative Debts 308C.511Regular Member Meetings 308C.515Special Member Meetings 308C.521Certification of Meeting Notice 308C.525Quorum 308C.531Remote Communications for Member Meetings 308C.535Act of Members 308C.541Action Without a Meeting 308C.545Member Voting Rights 308C.571Sale of Property and Assets 308C.601Membership Interests 308C.602Title to Membership in the Cooperative 308C.603Developer Rights, Restrictions, and Obligations 308C.605Assignment of Financial Rights 308C.611Nature of a Membership Interest and Statement of Interest Owned 308C.612Senior Housing Cooperative Offering Documents; General Provisions 308C.613Budget and Replacement Reserve Requirements 308C.614Lien for Assessments 308C.615Foreclosure of Liens or to Acquire Occupancy Rights Following Membership Termination in a Senior Housing Cooperative 308C.616Certificated Membership Interests 308C.621Lost Certificates; Replacement 308C.625Restriction on Transfer or Registration of Membership Interests 308C.627Operating Agreement 308C.701Authorization, Form, and Acceptance of Contributions 308C.705Restatement of Value of Previous Contributions 308C.711Contribution Agreements 308C.715Contribution Rights Agreements 308C.721Allocations and Distributions to Members 308C.725Allocations and Distributions to Occupant Members 308C.735Distribution of Unclaimed Property 308C.801Merger and Consolidation 308C.805Merger of Subsidiary 308C.835Abandonment 308C.901Methods of Dissolution 308C.902Voluntary Dissolution by Members 308C.903Notice of Intent to Dissolve 308C.905Winding Up 308C.911Revocation of Dissolution Proceedings 308C.915Statute of Limitations 308C.921Articles of Dissolution 308C.925Application for Court-supervised Voluntary Dissolution 308C.931Court-ordered Remedies or Dissolution 308C.935Procedure Involuntary or Court-supervised Voluntary Dissolution 308C.941Receiver Qualifications and Powers 308C.945Dissolution Action by Attorney General; Administrative Dissolution 308C.951Filing Claims in Court-supervised Dissolution Proceedings 308C.955Discontinuance of Court-supervised Dissolution Proceedings 308C.961Court-supervised Dissolution Order 308C.965Filing Court's Dissolution Order 308C.971Barring of Claims 308C.975Right to Sue or Defend After Dissolution