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Can you summarize MNST 48.158?

BANKS > SETTLEMENT OF CHECKS AT LESS THAN PAR.

Short Summary

No bank or trust company organized under the laws of this state shall settle any check drawn on it otherwise than at par. The provisions of this section shall not apply with respect to the settlement of a check sent to such bank or trust company as a special collection item. This section is in effect on and after November 1, 1968. History: 1967 c 156 s 1

Jurisdiction

Minnesota

Source
MNST 48.158 [https://reggi.cloud.regology.com/regulations/US-MNST/US-MNST_T_46_C_48_S_158]