There is a newer version of the Minnesota Statutes
2004 Minnesota Code
Chapters 46 - 59 Banking
Chapter 47 Financial Corporations
Section 47.0156 Closing effecting a permanent cessation of business.
47.0156 Closing effecting a permanent cessation of business.
The permanent closing of a financial institution as defined in section 47.015 or 47.0151 for purposes, or with a result, other than authorized in sections 47.015 to 47.0155 is unlawful unless at least 60 days' written notice is given to the commissioner.
HIST: 1Sp1985 c 13 s 181; 1993 c 257 s 6; 1999 c 151 s 6
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
