SF 3417

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to civil actions; clarifying provisions 
  1.3             governing actions for fraud under the uniform 
  1.4             commercial code; amending Minnesota Statutes 1996, 
  1.5             section 336.2-721. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1996, section 336.2-721, is 
  1.8   amended to read: 
  1.9      336.2-721 [REMEDIES FOR FRAUD.] 
  1.10     Remedies for material misrepresentation or fraud include 
  1.11  all remedies available under this article for nonfraudulent 
  1.12  breach.  Neither rescission or a claim for rescission of the 
  1.13  contract for sale nor rejection or return of the goods shall bar 
  1.14  or be deemed inconsistent with a claim for damages or other 
  1.15  remedy.  Section 604.10 does not bar actions for fraud. 
  1.16     Sec. 2.  [EFFECTIVE DATE.] 
  1.17     Section 1 is effective the day following final enactment 
  1.18  and applies to actions pending on or commenced on or after that 
  1.19  date.