# Minn. Stat. § 336.1-103: CONSTRUCTION OF UNIFORM COMMERCIAL CODE TO PROMOTE ITS PURPOSES AND POLICIES; APPLICABILITY OF SUPPLEMENTAL PRINCIPLES OF LAW

> Minnesota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-103

## Section

- **Citation:** Minn. Stat. § 336.1-103
- **Heading:** CONSTRUCTION OF UNIFORM COMMERCIAL CODE TO PROMOTE ITS PURPOSES AND POLICIES; APPLICABILITY OF SUPPLEMENTAL PRINCIPLES OF LAW
- **Jurisdiction:** Minnesota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MN Code / Part 324_342 / Chapter 336 / Section 336.1-103

## Text

(a) The Uniform Commercial Code must be liberally construed and applied to promote its underlying purposes and policies, which are:

(1) to simplify, clarify, and modernize the law governing commercial transactions;

(2) to permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and

(3) to make uniform the law among the various jurisdictions.

(b) Unless displaced by the particular provisions of the Uniform Commercial Code, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions.

## Nearby sections

- [Minn. Stat. § 336.0A-102 § 336.0A-102 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.0A-102.md)
- [Minn. Stat. § 336.0A-201 § 336.0A-201 SAVING CLAUSE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.0A-201.md)
- [Minn. Stat. § 336.0A-302 § 336.0A-302 SECURITY INTEREST PERFECTED BEFORE EFFECTIVE DATE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.0A-302.md)
- [Minn. Stat. § 336.0A-303 § 336.0A-303 SECURITY INTEREST UNPERFECTED BEFORE EFFECTIVE DATE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.0A-303.md)
- [Minn. Stat. § 336.0A-304 § 336.0A-304 EFFECTIVENESS OF ACTIONS TAKEN BEFORE EFFECTIVE DATE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.0A-304.md)
- [Minn. Stat. § 336.0A-305 § 336.0A-305 PRIORITY.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.0A-305.md)
- [Minn. Stat. § 336.1-101 § 336.1-101 SHORT TITLES.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-101.md)
- [Minn. Stat. § 336.1-102 § 336.1-102 SCOPE OF ARTICLE.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-102.md)
- [Minn. Stat. § 336.1-103 § 336.1-103 CONSTRUCTION OF UNIFORM COMMERCIAL CODE TO PROMOTE ITS PURPOSES AND POLICIES; APPLICABILITY OF SUPPLEMENTAL PRINCIPLES OF LAW.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-103.md)
- [Minn. Stat. § 336.1-104 § 336.1-104 CONSTRUCTION AGAINST IMPLIED REPEAL.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-104.md)
- [Minn. Stat. § 336.1-105 § 336.1-105 SEVERABILITY.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-105.md)
- [Minn. Stat. § 336.1-106 § 336.1-106 USE OF SINGULAR AND PLURAL; GENDER.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-106.md)
- [Minn. Stat. § 336.1-107 § 336.1-107 SECTION CAPTIONS.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-107.md)
- [Minn. Stat. § 336.1-108 § 336.1-108 RELATION TO ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT.](https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-108.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MN_P324_342_C336_S336.1-103. Check the current official text before relying on it. Not legal advice.