Minnesota Statutes
Minn. Stat. § 27.137 (2026)
Definitions
✓ current as of May 2026
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Subdivision 1.Applicability.
The definitions in this section apply to this section and section 27.138.
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Subd. 5.Proceeds.
"Proceeds" means whatever is received upon the sale, exchange, collection, or transfer of perishable farm products or manufactured farm products.
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Subd. 7.Manufactured farm products.
"Manufactured farm products" means products derived from perishable farm products through manufacturing, processing, or packaging.
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Subd. 9.Trust assets.
"Trust assets" means perishable farm products or manufactured farm products and proceeds from the perishable or manufactured farm products.
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Subd. 10.Farm products dealer.
"Farm products dealer" has the meaning given in section 27.01, subdivision 8.
Notes of Decisions
Cited in 1
case, 1994–1994 · leading case: Dairy Fresh Foods, Inc. v. Ramette (In re Country Club Mkt., Inc.), 175 B.R. 1011 (D. Minn. 1994).
Dairy Fresh Foods, Inc. v. Ramette (In re Country Club Mkt., Inc.), 175 B.R. 1011 (D. Minn. 1994). “§ 27.137, subd. 6. PACA mandates that perishable agricultural commodities received by a commission merchant, dealer or broker and any receivables from the sale of such commodities or products shall be held in trust for the benefit of all unpaid suppliers or sellers in the…”
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