Minnesota § 334.06 - AGREEMENTS TO SHARE PROFITS; BANKS FOR FARM COOPERATIVES
Full text of Minnesota Minnesota Statutes § 334.06 — AGREEMENTS TO SHARE PROFITS; BANKS FOR FARM COOPERATIVES, with citation guidance and answers to common questions.
§ 334.06. AGREEMENTS TO SHARE PROFITS; BANKS FOR FARM COOPERATIVES
Nothing in this chapter shall be construed as in any way affecting any contract whereby one party advances money to be used in business or other ventures mutually determined upon, and whereby the party receiving such money agrees to refund the same, with lawfully stipulated interest, and, in addition thereto, agrees to share, equally or otherwise, with the party so advancing the money, the profits of such business or ventures; nor shall its provisions apply to any banks for cooperatives created or operating under the Federal Farm Credit Act of 1933, as amended, which by law or contract with its borrowers operates as a cooperative.
History:
(7041) RL s 2738; 1967 c 341 s 1; 1977 c 350 s 3
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 334.06
What does Minnesota Statutes § 334.06 cover?
Section 334.06 ("AGREEMENTS TO SHARE PROFITS; BANKS FOR FARM COOPERATIVES") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 334.06?
A common citation format is "Minnesota Statutes § 334.06" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 334.06 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.