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Minnesota’S New Residential Purchase Agreement Cancellation Statute, Larry M. Wertheim
Minnesota’S New Residential Purchase Agreement Cancellation Statute, Larry M. Wertheim
William Mitchell Law Review
For the first time in almost twenty years, the Minnesota legislature has altered the statutory procedures for canceling residential purchase agreements. The 2004 legislature instituted two new procedures for cancellation of residential purchase agreements, both of which will significantly change current practices. … The new legislation for cancellation of residential purchase agreements represents an effort to provide an expedited method of allowing sellers and buyers to resolve standoffs between the parties with the broker in the middle holding the earnest money. It has the advantages over section 559.21 of speed, a remedy for the buyer, and a means of confirming …
Recent Developments In Minnesota Corporate Law, Mark S. Weitz, Jeffrey L. Cotter, David J. Seno
Recent Developments In Minnesota Corporate Law, Mark S. Weitz, Jeffrey L. Cotter, David J. Seno
William Mitchell Law Review
This article summarizes a number of select cases and statutory amendments involving various topics in Minnesota corporate law. Sections I and II address 2003 statutory changes and cases decided in 2003, respectively. Sections III and IV address 2004 statutory changes and cases decided in the first half of 2004, respectively. The purpose of this article is to provide the practitioner with an overview of recent developments in Minnesota corporate law.