Subdivision 1. General. Except for this section, this chapter does not apply to foreign cooperatives.
Subd. 2. Sections applicable. (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.
(b) Sections 303.05, 303.07, and 303.115 do not apply to foreign cooperatives.
History: 2008 c 203 s 7
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