MN LEG Emerging Technologies

On May 6, MN LEG enacted bill re emerging technologies provisions.

  • MN LEG enacted HF 3868 (companion SF 4691) to adopt commercial code changes, amend Minnesota statutes MN LEG 336 related to emerging technology provisions.
  • Bill Provisions
  • Code being updated to consider advancements in technologies, including digital assets.
  • Ensures digits assets are being used in commerce, adds electronic records to the code.
  • Bill also addresses different electronic identification methods for payment confirmation.
  • Legislative History
  • On Feb. 15, 2024, bill introduced in House; on Mar. 11, 2024, bill was passed in House.
  • On Mar. 13, 2024, bill delivered to Senate; on Apr. 29, 2024, bill was passed in Senate.
  • On May 6, 2024, bill was approved by the MN governor and became Chapter 93.
  • Effectiveness
  • Bill will become effective as of Aug. 1, 2024.

Regulators MN LEG
Entity Types Corp
Reference Ch. 93, Bill HF3868, SF4691, 5/6/2024; Citation: MN LEG 336;
Functions Compliance; Financial; Legal; Record Retention; Technology
Countries United States of America
Products Corporate; Cryptocurrency; Payments
Regions Am
Rule Type Final
Rule Date 5/6/2024
Effective Date 8/1/2024
Rule Id 211211
Linked to N/A
Reg. Last Update 5/6/2024
Report Section US Investment

Last substantive update on 05/09/2024