EX-5.1 4 d242152dex51.htm OPINION OF DORSEY & WHITNEY LLP <![CDATA[Opinion of Dorsey & Whitney LLP]]>

Exhibit 5.1

[Dorsey and Whitney LLP Letterhead]

October 14, 2011

CHS Inc.

5500 Cenex Drive

Inver Grove Heights, MN 55077

 

  Re: Registration Statement on Form S-8

Ladies and Gentlemen:

We have acted as counsel to CHS Inc., a Minnesota cooperative (the “Company”), in connection with a Registration Statement on Form S-8 (the “Registration Statement”) relating to the registration of the offer and sale by the Company of up to $100,000,000 of deferred compensation obligations (the “Deferred Compensation Obligations”) under the CHS Inc. Deferred Compensation Plan (as in effect on the date of this opinion, the “Plan”).

We have examined such documents and have reviewed such questions of law as we have considered necessary and appropriate for the purposes of the opinions set forth below. We have assumed the authenticity of all documents submitted to us as originals, the genuineness of all signatures and the conformity to authentic originals of all documents submitted to us as copies. We have also assumed the legal capacity for all purposes relevant hereto of all natural persons. As to questions of fact material to our opinions, we have relied upon certificates of officers of the Company and of public officials.

Based on the foregoing, we are of the opinion that the Deferred Compensation Obligations have been duly authorized by the Company and, when created in accordance with the terms of the Plan, will be valid and binding obligations of the Company, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting creditors’ remedies and by general principles of equity.

To the extent that the requirements of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), pertain to provisions of the Plan, such provisions comply with the ERISA requirements.

Our opinions expressed above are limited to the laws of the State of Minnesota.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement.

 

Very truly yours,
/s/ Dorsey & Whitney LLP

SFA/MJV