Minnesota Statutes 56.25 – Licensee to Be Responsible
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The licensee hereunder shall, at all times, be beholden and liable to the commissioner for all acts and proceedings taken by assignees, assigns, endorsees, and transferees in enforcing, and as to the method of enforcing, collection of any obligation taken hereunder, as fully and to the same extent as though the same were taken by the licensee hereunder.
Terms Used In Minnesota Statutes 56.25
- Commissioner: means the commissioner of commerce. See Minnesota Statutes 56.001
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.