# Minn. Stat. § 308C.201: ORGANIZATIONAL PURPOSE

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.201

## Section

- **Citation:** Minn. Stat. § 308C.201
- **Heading:** ORGANIZATIONAL PURPOSE
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 300_323A / Chapter 308C / Section 308C.201

## Text

A cooperative may be formed and organized on a cooperative basis and plan under this chapter:

(1) to provide housing on a nonprofit and cooperative basis to older persons in accordance with the provisions of this chapter, the Fair Housing Act, Title VIII of the Civil Rights Act of 1968, as amended; United States Code, title 42, chapter 3607, section 807(a)(b)(1)(2), and the rules and regulations of the United States Department of Housing and Urban Development applicable with respect to housing for older persons contained in Code of Federal Regulations, title 24, subtitle B, chapter I, subpart E, sections 100.300 -308;

(2) to provide on a nonprofit and cooperative basis residential housing either through ownership, leasing, or a combination of both and the social, recreational, commercial, and communal facilities necessary to serve and improve the residential housing; or

(3) to establish a limited equity cooperative that provides on a nonprofit and cooperative basis residential housing to its members that: (i) limits the appreciation and value of a membership interest to a formula price set forth in the bylaws that is defined as the transfer value herein, and (ii) sets limits on the extent to which a member may transfer a membership interest and provides for a right of first refusal to purchase the interest in favor of the cooperative.

## Nearby sections

- [Minn. Stat. § 308C.001 § 308C.001 CITATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.001.md)
- [Minn. Stat. § 308C.003 § 308C.003 APPLICATION OF OTHER STATUTES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.003.md)
- [Minn. Stat. § 308C.005 § 308C.005 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.005.md)
- [Minn. Stat. § 308C.007 § 308C.007 LEGAL RECOGNITION OF ELECTRONIC RECORDS AND SIGNATURES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.007.md)
- [Minn. Stat. § 308C.009 § 308C.009 USE OF TERM COOPERATIVE RESTRICTED.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.009.md)
- [Minn. Stat. § 308C.101 § 308C.101 RESERVATION OF RIGHT.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.101.md)
- [Minn. Stat. § 308C.111 § 308C.111 FILING FEES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.111.md)
- [Minn. Stat. § 308C.115 § 308C.115 REGISTERED OFFICE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.115.md)
- [Minn. Stat. § 308C.121 § 308C.121 ANNUAL RENEWAL.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.121.md)
- [Minn. Stat. § 308C.201 § 308C.201 ORGANIZATIONAL PURPOSE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.201.md)
- [Minn. Stat. § 308C.205 § 308C.205 ORGANIZERS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.205.md)
- [Minn. Stat. § 308C.211 § 308C.211 COOPERATIVE NAME.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.211.md)
- [Minn. Stat. § 308C.215 § 308C.215 ARTICLES OF ORGANIZATION.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.215.md)
- [Minn. Stat. § 308C.221 § 308C.221 AMENDMENT OF ARTICLES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.221.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P300_323A_C308C_S308C.201. Check the current official text before relying on it. Not legal advice.