language to be deleted (2) new language
Laws of Minnesota 1991 CHAPTER 329-S.F.No. 601 An act relating to commerce; providing a definition of "signed" for purposes of credit agreements; amending Minnesota Statutes 1990, section 513.33, subdivision 1. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 1990, section 513.33, subdivision 1, is amended to read: Subdivision 1. [DEFINITIONS.] For the purposes of this section, the following terms have the meanings given them: (1) "credit agreement" means an agreement to lend or forbear repayment of money, goods, or things in action, to otherwise extend credit, or to make any other financial accommodation; (2) "creditor" means a person who extends credit under a credit agreement with a debtor;
and(3) "debtor" means a person who obtains credit or seeks a credit agreement with a creditor or who owes money to a creditor; and (4) "signed" has the meaning specified in section 336.1-201(39). Sec. 2. [APPLICATION.] The intent of section 1 is to clarify the intent of the legislature in enacting section 513.33. Presented to the governor May 31, 1991 Signed by the governor June 4, 1991, 8:55 p.m.
Official Publication of the State of Minnesota
Revisor of Statutes