Minn. Stat. § 45A.07
This is the official text of Minn. Stat. § 45A.07, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 45A.07 IMMUNITY FOR DELAYING DISBURSEMENTS.
Official statutory text
(a) A broker-dealer or investment adviser that, in good faith, complies with section 45A.06 , subdivision 1, or the commissioner of commerce, law enforcement agency, or prosecuting attorney's office is immune from administrative, civil, or criminal liability that might otherwise arise from the delay in a disbursement or placing a hold on a transaction in accordance with this chapter.
(b) A financial services provider, or an employee of a financial services provider, that, in good faith, complies with section 45A.06 , subdivision 2, or the commissioner of commerce, law enforcement agency, or prosecuting attorney's office is immune from administrative, civil, or criminal liability that might otherwise arise from the delay of a disbursement or placing a hold on a transaction in accordance with this chapter.
(c) A party that, in good faith and in compliance with section 45A.06 , delays or places a hold on a disbursement or transaction directed by an attorney-in-fact shall not be deemed to have refused to accept the authority of the attorney-in-fact for purposes of section 523.20 .
(b) A financial services provider, or an employee of a financial services provider, that, in good faith, complies with section 45A.06 , subdivision 2, or the commissioner of commerce, law enforcement agency, or prosecuting attorney's office is immune from administrative, civil, or criminal liability that might otherwise arise from the delay of a disbursement or placing a hold on a transaction in accordance with this chapter.
(c) A party that, in good faith and in compliance with section 45A.06 , delays or places a hold on a disbursement or transaction directed by an attorney-in-fact shall not be deemed to have refused to accept the authority of the attorney-in-fact for purposes of section 523.20 .
Status: in_force · Read it on the official government site
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