1.1 	A bill for an act
1.2 	relating to agriculture; requiring businesses that
1.3 	sell leases to file a bond; proposing coding for new
1.4 	law in Minnesota Statutes, chapter 17.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. [17.988] SELLING LEASES FOR AGRICULTURAL
1.7 	EQUIPMENT; BOND REQUIRED.
1.8 	A business that sells leases for agricultural equipment
1.9 	must file a bond issued by a surety company authorized to
1.10 	transact business in this state and approved by the commissioner
1.11 	of commerce as to solvency and responsibility.  The amount of
1.12 	the bond must be at least ... percent of the business's assets.