# Minn. Stat. § 308B.205: ORGANIZERS

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.205

## Section

- **Citation:** Minn. Stat. § 308B.205
- **Heading:** ORGANIZERS
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 300_323A / Chapter 308B / Section 308B.205

## Text

§ Subdivision 1. Qualification. A cooperative may be organized by one or more organizers who shall be adult natural persons, and who may act for themselves as individuals or as the agents of other entities. The organizers forming the cooperative need not be members of the cooperative.

§ Subd. 2. Role of organizers. If the first board is not named in the articles of organization, the organizers may elect the first board or may act as directors with all of the powers, rights, duties, and liabilities of directors, until directors are elected or until a contribution is accepted, whichever occurs first.

§ Subd. 3. Meeting. After the filing of articles of organization, the organizers or the directors named in the articles of organization shall either hold an organizational meeting at the call of a majority of the organizers or of the directors named in the articles, or take written action for the purposes of transacting business and taking actions necessary or appropriate to complete the organization of the cooperative, including, without limitations, amending the articles, electing directors; adopting bylaws, adopting banking resolutions, authorizing or ratifying the purchase, lease, or other acquisition of suitable space, furniture, furnishings, supplies, and materials; adopting a fiscal year for the cooperative; contracting to receive and accept contributions; and making any appropriate tax elections. If a meeting is held, the person or persons calling the meeting shall give at least three days' notice of the meeting to each organizer or director named, stating the date, time, and place of the meeting. Organizers and directors may waive notice of an organizational meeting in the same manner that a director may waive notice of meetings of the board.

## Nearby sections

- [Minn. Stat. § 308B.001 § 308B.001 CITATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.001.md)
- [Minn. Stat. § 308B.005 § 308B.005 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.005.md)
- [Minn. Stat. § 308B.007 § 308B.007 LEGAL RECOGNITION OF ELECTRONIC RECORDS AND SIGNATURES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.007.md)
- [Minn. Stat. § 308B.101 § 308B.101 RESERVATION OF RIGHT.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.101.md)
- [Minn. Stat. § 308B.111 § 308B.111 FILING FEES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.111.md)
- [Minn. Stat. § 308B.115 § 308B.115 REGISTERED OFFICE AND AGENT.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.115.md)
- [Minn. Stat. § 308B.121 § 308B.121 ANNUAL RENEWAL.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.121.md)
- [Minn. Stat. § 308B.152 § 308B.152 FOREIGN COOPERATIVES; SECTIONS APPLICABLE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.152.md)
- [Minn. Stat. § 308B.201 § 308B.201 ORGANIZATIONAL PURPOSE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.201.md)
- [Minn. Stat. § 308B.205 § 308B.205 ORGANIZERS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.205.md)
- [Minn. Stat. § 308B.211 § 308B.211 COOPERATIVE NAME.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.211.md)
- [Minn. Stat. § 308B.215 § 308B.215 ARTICLES OF ORGANIZATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.215.md)
- [Minn. Stat. § 308B.221 § 308B.221 AMENDMENT OF ARTICLES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.221.md)
- [Minn. Stat. § 308B.225 § 308B.225 AMENDMENT OF ORGANIZATIONAL DOCUMENTS TO BE GOVERNED BY THIS CHAPTER.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.225.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308B_S308B.205. Check the current official text before relying on it. Not legal advice.