| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 1.1 A bill for an act | |
| 2 | 2 | 1.2 relating to commerce; setting payment term to 45 days for certain corporations; | |
| 3 | 3 | 1.3 proposing coding for new law in Minnesota Statutes, chapter 325E. | |
| 4 | 4 | 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: | |
| 5 | 5 | 1.5 Section 1. [325E.251] REMITTANCE OF PAYMENT. | |
| 6 | 6 | 1.6 (a) If a corporation's stock is a federal covered security, as specified in United States | |
| 7 | 7 | 1.7Code, title 15, section 77r(b), the corporation must remit payment for goods and services | |
| 8 | 8 | 1.8within 45 days of receiving the goods or services. | |
| 9 | 9 | 1.9 (b) For purposes of this section, "corporation" includes a subsidiary that is wholly owned | |
| 10 | 10 | 1.10by a corporation subject to paragraph (a). | |
| 11 | 11 | 1Section 1. | |
| 12 | 12 | REVISOR RSI/EN 25-0517104/02/25 | |
| 13 | 13 | State of Minnesota | |
| 14 | 14 | This Document can be made available | |
| 15 | 15 | in alternative formats upon request | |
| 16 | 16 | HOUSE OF REPRESENTATIVES | |
| 17 | 17 | H. F. No. 3246 | |
| 18 | 18 | NINETY-FOURTH SESSION | |
| 19 | 19 | Authored by Norris04/25/2025 | |
| 20 | 20 | The bill was read for the first time and referred to the Committee on Commerce Finance and Policy |