2007 Minnesota Statutes

571.911 EXEMPTION NOTICE; DUTY OF FINANCIAL INSTITUTION.
If the garnishment summons is used to garnish funds of a debtor who is a natural person and
if the funds to be garnished are held on deposit at a financial institution, the creditor shall serve
with the garnishee summons two copies of an exemption notice. The notice must be substantially
in the form set forth in section 571.912. Failure of the creditor to send the exemption notice
renders the garnishment void, and the financial institution shall take no action. Upon receipt of the
garnishment summons and exemption notices, the financial institution shall retain as much of the
amount under section 571.73 as the financial institution has on deposit owing to the debtor, but
not more than 110 percent of the creditor's claim.
History: 1990 c 606 art 3 s 23