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MN HF3616

Bill

Status

Introduced

2/13/2024

Primary Sponsor

Mary Franson

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

  • Requires agricultural cooperatives to report the financial condition of each business division or unit to members at regular members' meetings

  • Officers must include in business and fiscal reports the net creation or use of member equity within each business division or unit for the fiscal year

  • Amends Minnesota Statutes 2022, section 308A.611, subdivision 3

  • Effective August 1, 2024, and applies to business and fiscal reports submitted on or after that date

Legislative Description

Agricultural cooperatives required to report financial information to members.

Last Action

Author added Wiener

3/11/2024

Committee Referrals

Commerce Finance & Policy2/13/2024

Full Bill Text

No bill text available