MN HF3246

Corporations whose stock qualifies as a federal covered security under 15 U.S.C. § 77r(b) must pay vendors for goods and services within 45 days of receipt

Wholly owned subsidiaries of covered corporations are also subject to the 45-day payment requirement

Creates new section 325E.251 in Minnesota Statutes governing remittance of payment

Targets large publicly traded companies to ensure timely payment to suppliers and service providers