PRESERVATION OF CONTRACT, LEGAL STATUS.

222.87 PRESERVATION OF CONTRACT, LEGAL STATUS. § Subdivision 1.Shipping contracts. An acquiring carrier succeeds to and is bound by the contracts, agreements, and understandings between the divesting carrier and any shipper within this state for a period equaling the stated term of the contract or six months, whichever is greater. § Subd. 2.Government contract. An acquiring carrier succeeds to and is bound by the contracts, agreements, and understandings between the divesting carrier and the state of Minnesota and any governmental subdivision for a period equal to the stated term of the contract, agreement, or understanding or six months, whichever is greater. § Subd. 3.Construction. This section does not alter, and shall not be construed to alter, the rights of all parties to renegotiate contracts under subdivisions 1 and 2 at any time mutually agreeable. History: 1988 c 676 s 3