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Minnesota Legislature

Office of the Revisor of Statutes

SF 327

2nd Engrossment - 90th Legislature (2017 - 2018) Posted on 05/17/2018 03:56pm

KEY: stricken = removed, old language.
underscored = added, new language.
Line numbers 1.1 1.2 1.3 1.4 1.5
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9
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A bill for an act
relating to consumer protection; prohibiting the assignment of military pay or
benefits; providing penalties and remedies;proposing coding for new law in
Minnesota Statutes, chapter 325F.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [325F.992] PROHIBITION OF ASSIGNMENT OF MILITARY PAY OR
MILITARY BENEFITS.
new text end

new text begin Subdivision 1. new text end

new text begin Definitions. new text end

new text begin (a) For the purposes of this section, the terms in paragraphs
(b) and (c) have the meanings given.
new text end

new text begin (b) "Military beneficiary" means any of the following:
new text end

new text begin (1) a current or former member of the armed forces of the United States or a reserve
component of the armed forces of the United States, who receives pay or benefits from the
United States, or any state, for service in the armed forces of the United States or a reserve
component of the armed forces of the United States;
new text end

new text begin (2) the spouse of the member as described in clause (1); and
new text end

new text begin (3) any individual considered a beneficiary of the military benefits of the member as
described in clause (1).
new text end

new text begin (c) "Person" has the meaning given in section 325F.68.
new text end

new text begin Subd. 2. new text end

new text begin Prohibition. new text end

new text begin (a) A person shall not enter into or attempt to enter into an
agreement with a military beneficiary that assigns the military beneficiary's military pay or
military benefits in violation of United States Code, title 37, section 701, or United States
Code, title 38, section 5301.
new text end

new text begin (b) A person shall not enter into or attempt to enter into any agreement, device, scheme,
or other artifice with a military beneficiary, including but not limited to a purchase and sale
agreement, that assigns or sells all or a portion of the military beneficiary's military pay or
military benefits.
new text end

new text begin (c) An agreement prohibited by paragraph (a) or (b) is void, and a military beneficiary
is not required to disgorge or repay any consideration received under the agreement.
new text end

new text begin Subd. 3. new text end

new text begin Penalties; remedies. new text end

new text begin A person who is found to have violated this section is
subject to the penalties and remedies provided in section 8.31. A private action taken to
enforce this section pursuant to section 8.31 is in the public interest.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective August 1, 2017, for contracts entered
into on or after August 1, 2017.
new text end