Minnesota § 223.175 - WRITTEN VOLUNTARY EXTENSION OF CREDIT CONTRACTS; FORM
Full text of Minnesota Minnesota Statutes § 223.175 — WRITTEN VOLUNTARY EXTENSION OF CREDIT CONTRACTS; FORM, with citation guidance and answers to common questions.
§ 223.175. WRITTEN VOLUNTARY EXTENSION OF CREDIT CONTRACTS; FORM
A written confirmation required under section 223.177, subdivision 2, and a written voluntary extension of credit contract must include those items prescribed by the commissioner by rule. A contract shall include a statement of the legal and financial responsibilities of grain buyers and sellers established in this chapter. A contract shall also include the following statement in not less than ten point, all capital type, framed in a box with space provided for the seller's signature: "THIS CONTRACT CONSTITUTES A VOLUNTARY EXTENSION OF CREDIT. THIS CONTRACT MAY NOT BE COVERED COMPLETELY BY THE GRAIN INDEMNITY ACCOUNT." If a written contract is provided at the time the grain is delivered to the grain buyer, the seller shall sign the contract in the space provided beneath the statement. A transaction that does not meet the provisions of a voluntary extension of credit, including the issuance and signing of a voluntary extension of credit contract, is a cash sale.
History:
1983 c 374 s 9; 2000 c 477 s 62; 2023 c 43 art 2 s 129
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 223.175
What does Minnesota Statutes § 223.175 cover?
Section 223.175 ("WRITTEN VOLUNTARY EXTENSION OF CREDIT CONTRACTS; FORM") 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 § 223.175?
A common citation format is "Minnesota Statutes § 223.175" (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 § 223.175 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.