Minn. R. agency 105, ch. 1500, pt. 1500.1001
Current through Register Vol. 49, No. 19, November 4, 2024
A corporation, partnership, or association that directly, or indirectly through related entities, owns more than 50 percent of the voting power of the shares entitled to vote for directors of a subsidiary corporation is liable to a seller of agricultural commodities for any unpaid claim or contract performance claim of that subsidiary corporation.
A corporation, partnership, or association that directly, or indirectly through related entities, provides more than 50 percent of the management or control of a subsidiary is liable to the seller of an agricultural commodity for any unpaid claim or contract performance claim of the subsidiary.
Minn. R. agency 105, ch. 1500, pt. 1500.1001
Statutory Authority: MS s 27.14