2025 Session
Last amended: 2003 session
§ 308B.975 — Right to Sue or Defend After Dissolution
Plain-Language Summary
After dissolution, former officers, directors, or members can still sue or defend claims for the cooperative.
308B.975 RIGHT TO SUE OR DEFEND AFTER DISSOLUTION.
After a cooperative has been dissolved, any of its former officers, directors, or members may assert or defend, in the name of the cooperative, a claim by or against the cooperative.
History:
History: History:
2003 c 105 art 1 s 86
Practical Notes
This ensures the cooperative can still handle lawsuits even after it no longer exists.