Minnesota § 332.43 - DELINQUENT COLLECTION AGENCIES
Full text of Minnesota Minnesota Statutes § 332.43 — DELINQUENT COLLECTION AGENCIES, with citation guidance and answers to common questions.
§ 332.43. DELINQUENT COLLECTION AGENCIES
Subdivision 1.Appointment of receiver.
If the commissioner shall determine that a collection agency licensee is insolvent or has collected accounts but has failed to remit money due to any claimant within 45 days from the end of the month in which collection was made, or when the license of a collection agency has expired or terminated for any reason whatsoever, the commissioner, on determining such action necessary to protect the public interest, may apply to the district court for the county in which the main office of such agency is located for appointment of a receiver to receive the assets of the collection agency licensee for the purpose of liquidating or rehabilitating its business and or for such other relief as the nature of the case and the interest of the claimants may require. The reasonable and necessary expenses of the receivership shall constitute the first claim on the bond.
Subd. 2.
[Repealed, 1979 c 144 s 7]
Subd. 3.
[Repealed, 1979 c 144 s 7]
History:
1969 c 766 s 13; 1973 c 720 s 54 subd 2; 1979 c 144 s 5; 1986 c 444; 2004 c 208 s 9
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 332.43
What does Minnesota Statutes § 332.43 cover?
Section 332.43 ("DELINQUENT COLLECTION AGENCIES") 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 § 332.43?
A common citation format is "Minnesota Statutes § 332.43" (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 § 332.43 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.