Minnesota § 17.93 PARENT COMPANY RESPONSIBILITY FOR CONTRACTS OF SUBSIDIARIES

Minnesota Statutes

§ 17.93 — PARENT COMPANY RESPONSIBILITY FOR CONTRACTS OF SUBSIDIARIES

Minnesota § 17.93

PartAGRICULTURE

Ch. 17DEPARTMENT OF AGRICULTURE

This text of Minnesota § 17.93 (PARENT COMPANY RESPONSIBILITY FOR CONTRACTS OF SUBSIDIARIES) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 17.93 (2026).

Text

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.

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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.