Section 308B.235 Existence

308B.235 EXISTENCE.

Subdivision 1.Commencement upon filing.

The existence of a cooperative shall commence when the articles are filed with the secretary of state.

Subd. 2.Duration.

A cooperative shall have a perpetual duration unless the cooperative provides for a limited period of duration in the articles.

History:

2003 c 105 art 1 s 16