Minnesota Statutes
§ 540.03 — ACTION BY ASSIGNEE; SETOFF SAVED; EXCEPTION
Minnesota § 540.03
This text of Minnesota § 540.03 (ACTION BY ASSIGNEE; SETOFF SAVED; EXCEPTION) 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. § 540.03 (2026).
Text
If a thing in action be assigned, an action thereon by the assignee shall be without prejudice to any setoff or defense existing at the time or before notice of the assignment; but this section does not apply to negotiable paper, transferred in good faith and upon good consideration before due.
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Legislative History
(9166)RL s 4054
Nearby Sections
15
§ 540.11
SURETY MAY BRING ACTION§ 540.15
ASSOCIATES SUED AS PARTNERS§ 540.151
SUABILITY; COMMON NAME§ 540.153
EXCEPTIONS§ 540.17
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Bluebook (online)
Minnesota § 540.03, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/540.03.