1997 Minnesota Statutes

     334.11 Rate of damage on interstate bills.  

    When any bill of exchange, drawn upon any person out of the 
 state but within the United States, is duly presented for 
 acceptance or payment, and is protested for nonacceptance or 
 nonpayment, the drawer or endorser thereof, after due notice of 
 such dishonor, shall pay the bill according to its tenor, with 
 interest and five percent damages, together with charges of 
 protest.  

    HIST: (7246) RL s 2744