Minnesota § 295.56 TRANSFER OF ACCOUNTS RECEIVABLE

Minnesota Statutes

§ 295.56 — TRANSFER OF ACCOUNTS RECEIVABLE

Minnesota § 295.56

PartVARIOUS STATE TAXES AND PROGRAMS

Ch. 295GROSS REVENUES AND GROSS RECEIPTS TAXES

This text of Minnesota § 295.56 (TRANSFER OF ACCOUNTS RECEIVABLE) 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. § 295.56 (2026).

Text

When a hospital, surgical center, health care provider, or wholesale drug distributor transfers, assigns, or sells accounts receivable to another person who is subject to tax under this chapter, liability for the tax on the accounts receivable is imposed on the transferee, assignee, or buyer of the accounts receivable. No liability for these accounts receivable is imposed on the transferor, assignor, or seller of the accounts receivable.

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When a hospital, surgical center, health care provider, or wholesale drug distributor transfers, assigns, or sells accounts receivable to another person who is subject to tax under this chapter, liability for the tax on the accounts receivable is imposed on the transferee, assignee, or buyer of the accounts receivable. No liability for these accounts receivable is imposed on the transferor, assignor, or seller of the accounts receivable.