Housing cooperatives; organization and operation provided for seniors, low and moderate income people, and limited equity cooperatives and leasing cooperatives for designated members.

This bill establishes the Minnesota Cooperative Housing Act to create a specific legal framework for housing cooperatives serving seniors, low and moderate-income individuals, and designated members. It provides clear definitions for cooperative structures and outlines operational rules, including how membership interests are treated and how conflicts with existing landlord-tenant laws are resolved. The legislation also introduces modern voting methods, such as electronic or telephonic ballots, to facilitate member participation in cooperative governance. By codifying these provisions into a new chapter of state law, the bill aims to streamline the organization and management of these housing entities while ensuring they operate within established legal boundaries.