2007 Minnesota Statutes

574.27 BIDDERS TO HAVE RIGHT OF ACTION IN CERTAIN CASES.
A public body may require that a bidder provide a bid bond or other security as a proposal
guaranty that the bidder will enter into a contract if its bid is accepted. Any bidder upon any
public work or public improvement of any kind in this state where bids are received and where,
in connection with such bids, a deposit of money, or a certified check, or bid bond or other
security must be provided with the bid, the public body causing such public work or other public
improvement to be made or done shall be liable to such bidder for a return of the money, certified
check, or other thing of value so deposited if the bidder's bid on such public work or improvement
is not accepted, or if the bidder's bid is accepted before the bid expires, after the bidder enters
into a contract for the work and provides acceptable security in connection with it. This liability
exists even though the failure to return the money, certified check, or other thing of value is
due to the defalcation or unlawful conversion of the thing of value by the officer of the public
body charged with the custody of it.
History: (9701) 1923 c 348 s 1; 1986 c 444; 1994 c 419 s 7