Minnesota Statutes § 17.93 - PARENT COMPANY RESPONSIBILITY FOR CONTRACTS OF SUBSIDIARIES

§ Subdivision 1.Licensing. If a contractor is required to obtain a license to purchase agricultural commodities, the licensing authority may require the parent company of a licensee subsidiary to guarantee payment or contract performance as a condition of licensing. § Subd. 2.Parent company liability. If an agricultural contractor is the subsidiary of another corporation, partnership, or association, the parent corporation, partnership, or association is liable to a seller for the amount of any unpaid claim or contract performance claim if the contractor fails to pay or perform according to the terms of the contract.