language to be deleted (2) new language
Laws of Minnesota 1984 CHAPTER 493-H.F.No. 1659 An act relating to commerce; prohibiting limited partnerships from interposing the defense of usury; amending Minnesota Statutes 1982, section 334.021. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 1982, section 334.021, is amended to read: 334.021 [CORPORATION PROHIBITED FROM INTERPOSING DEFENSE OF USURY.] No corporation shall hereafter interpose the defense of usury in any action. The term "corporation," as used in this section, includes any cooperative corporation
and any, cooperative association, limited partnership organized under chapter 322A, and further includes any association or joint stock company having any of the powers and privileges of corporations not possessed by an individual or a partnership. Sec. 2. [EFFECTIVE DATE.] Section 1 is effective the day following final enactment. Approved April 25, 1984
Copyright © 1984 by the Revisor of Statutes, State of Minnesota. All rights reserved.