Minn. Stat. § 17.93: PARENT COMPANY RESPONSIBILITY FOR CONTRACTS OF SUBSIDIARIES.
Where this section sits in the code
- AGRICULTURE
- CHAPTER 17. DEPARTMENT OF AGRICULTURE
- AGRICULTURAL CONTRACTS
Subdivision 1. Licensing.
If a contractor is required to obtain a license to purchase agricultural commodities, the licensing authority may require the parent company of a licensee subsidiary to guarantee payment or contract performance as a condition of licensing.
Subd. 2. Parent company liability.
If an agricultural contractor is the subsidiary of another corporation, partnership, or association, the parent corporation, partnership, or association is liable to a seller for the amount of any unpaid claim or contract performance claim if the contractor fails to pay or perform according to the terms of the contract.
Collected 2026-09-02T22:10:26Z. Source file · JSON