Minnesota. Statutory Language

Minnesota Statute 26-47

MINNESOTA STATUTE

MINNESOTA ANTITRUST LAW

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. §§ 325D.49 to 325D.66

§ 325D.49. Citation

Sections 325D.49 to 325D.66 may be cited as the Minnesota Antitrust Law of

1971.

§ 325D.50. Definitions

Subdivision 1. Scope. “Unless a different meaning is clearly indicated by the

context, for the purposes of sections 325D.49 to 325D.66, the terms defined in this

section have the meanings ascribed to them.

Subd. 2. Commodity. “Commodity” means any goods, merchandise, wares,

produce, chose in action, land, article of commerce, or any other tangible or

intangible property, real, personal, or mixed, for use, consumption, enjoyment, or

resale.

Subd. 3. Service. “Service” means any kind of activity performed in whole or in

part for financial gain.

Subd. 4. “Contract, Combination, or conspiracy. Contract, combination, or

conspiracy” means any agreement, arrangement, collusion, or understanding.

“Contract” includes a purchase, a contract to purchase, a sale, a contract to sell, a

lease, a contract to lease, a license, or a contract to license. “Combination” includes a

trust, common selling or purchasing agent, pool, or holding company.

Subd. 5. Person. “Person” means any individual, corporation, firm, partnership,

incorporated and unincorporated association, or any other legal or commercial entity.

Subd. 6. Trade or commerce. “Trade or commerce” means any economic activity

of any type whatsoever involving any commodity or service whatsoever.

§ 325D.51. Unreasonable restraint of trade or commerce

A contract, combination, or conspiracy between two or more persons in

unreasonable restraint of trade or commerce is unlawful.

§ 325D.52. Establishment, maintenance, or use of monopoly power

The establishment, maintenance, or use of, or any attempt to establish, maintain,

or use monopoly power over any part of trade or commerce by any person or persons

for the purpose of affecting competition or controlling, fixing, or maintaining prices

is unlawful.