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This entry was published on 2014-09-22
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Jurisdiction of the supreme court
Cooperative Corporations (CCO) CHAPTER 77, ARTICLE 2
§ 18. Jurisdiction of the supreme court. In the case of a corporation
dissolving as provided in this chapter, the supreme court, upon the
petition of the committee or a majority of them, or in a proper case,
upon the petition of a creditor or member, or upon the petition of the
attorney-general, upon notice to all of the committee and to such other
interested persons as the court may specify from time to time may order
and adjudge in respect to the following matters:

1. The giving of notice by publication or otherwise of the time and
place for the presentation of all claims and demands against the
corporation, which notice may require all creditors of and claimants
against the corporation to present in writing and in detail at the place
specified their respective accounts and demands to the committee by a
day therein specified, which shall not be less than forty days from the
service or first publication of such notice.

2. The payment or satisfaction in whole or in part of claims and
demands against the corporation, or the retention of moneys for such

3. The presentation and filing of intermediate and final accounts of
the committee, the hearing thereon, the allowance and disallowance
thereof, and the discharge of the committee or any of them, from their
duties and liabilities.

4. The administration of any trust or the disposition of any property
held in trust by or for the corporation.

5. The sale and dispostion of any remaining property of the
corporation and the distribution of such property or its proceeds among
the members or persons entitled thereto.

6. Such matters as justice may require.

All orders and judgments shall be binding upon the corporation, its
property and assets, its committee, members, creditors and all claimants
against it.