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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 17.93: PARENT COMPANY RESPONSIBILITY FOR CONTRACTS OF SUBSIDIARIES.

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Where this section sits in the code
  1. AGRICULTURE
  2. CHAPTER 17. DEPARTMENT OF AGRICULTURE
  3. 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

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