When it satisfactorily appears to a court that any bond, bill, note, assurance, pledge, conveyance, contract, security, or evidence of debt is void under the provisions of this chapter it shall declare the same to be void, enjoin any proceeding thereon, and order it to be canceled and given up.
Minn. Stat. § 334.05
USURIOUS CONTRACTS; CANCELLATION.
Applied in 2 court decisions — leading case Farrell v. Wurm (In Re Donnay) (1995)
Most recently applied in Amos Graves v. Michael Wayman, First Minnesota Bank (February 2015)
(7040) RL s 2737; 1965 c 391 s 2
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.