State Codes and Statutes
Statutes > Minnesota > 300-319B > 308B > 308B_941308B.941 RECEIVER QUALIFICATIONS AND POWERS.
Subdivision 1.Qualifications.
A receiver shall be a natural person or a domestic business entity or a foreign business entity authorized to transact business in this state. A receiver shall give a bond as directed by the court with the sureties required by the court.
Subd. 2.Powers.
A receiver may sue and defend in all courts as receiver of the cooperative. The court appointing the receiver has exclusive jurisdiction of the cooperative and its property.
History:
2003 c 105 art 1 s 79
