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Minnesota Statutes Banking (Ch. 46-59) § 51A.16. Depositories

Current as of January 01, 2023 | Updated by FindLaw Staff

No association shall deposit any of its funds except with a depositary approved by a vote of a majority of the directors authorized of the association, any director who is an officer, partner, director, or trustee of the depository so designated taking no part in such vote.

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Cite this article: FindLaw.com - Minnesota Statutes Banking (Ch. 46-59) § 51A.16. Depositories - last updated January 01, 2023 | https://codes.findlaw.com/mn/banking-ch-46-59/mn-st-sect-51a-16/

Read this complete Minnesota Statutes Banking (Ch. 46-59) § 51A.16. Depositories on Westlaw. Westlaw subscription required.

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