Minnesota Legislature
Office of the Revisor of Statutes
2021 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
540.03 ACTION BY ASSIGNEE; SETOFF SAVED; EXCEPTION.
If a thing in action be assigned, an action thereon by the assignee shall be without prejudice to any setoff or defense existing at the time or before notice of the assignment; but this section does not apply to negotiable paper, transferred in good faith and upon good consideration before due.
Official Publication of the State of Minnesota
Revisor of Statutes