Notwithstanding any law to the contrary, no limitation on the rate or amount of interest, points, finance charges, fees, or other charges applies to an extension of credit to an organization, and any such extension of credit is exempt from the other provisions of this chapter. "Organization" means a corporation, government, government subdivision or agency, trust, estate, partnership, joint venture, cooperative, limited liability company, or association.
2002 c 342 s 10
Structure Minnesota Statutes
Chapters 324 - 341 — Trade Regulations, Consumer Protection
Chapter 334 — Money, Rates Of Interest
Section 334.01 — Rate Of Interest.
Section 334.011 — Rates Of Interest; Business And Agricultural Loans.
Section 334.012 — Rates Of Interest; Loans Secured By Savings Accounts.
Section 334.02 — Usurious Interest; Recovery.
Section 334.022 — Credit To Organizations.
Section 334.03 — Usurious Contracts Invalid; Exceptions.
Section 334.04 — Offenders To Answer On Oath.
Section 334.05 — Usurious Contracts; Cancellation.
Section 334.06 — Agreements To Share Profits; Banks For Farm Cooperatives.
Section 334.061 — Agricultural Credit Corporations; Interest Rate Limitations.
Section 334.062 — Agricultural Cooperatives And Farm Supply.
Section 334.10 — Damages On International Bills.
Section 334.11 — Rate Of Damage On Interstate Bills.
Section 334.16 — Finance Charges For Open End Credit Sales.
Section 334.17 — Prior Open End Credit Sales And Agreements Confirmed.
Section 334.171 — Open End Credit Plans; Delinquencies And Collection Charges.
Section 334.18 — Penalties For Violations.
Section 334.19 — Interest Rates On Margin Accounts.
Section 334.20 — Usurious Interest; Determination At Time Of Contract.