There is a newer version of the Minnesota Statutes
2004 Minnesota Code
Chapters 46 - 59 Banking
Chapter 49 Liquidation, Reorganization, Consolidation
Section 49.013 Insolvent financial institutions; no assignment by.
49.013 Insolvent financial institutions; no assignment by.
No financial institution shall make an assignment by reason of existing or probable insolvency. Its governing board or managing officers, if satisfied that it is, or is about to become, insolvent, shall immediately report that fact to the commissioner.
HIST: (7682) RL s 2998; 1945 c 128 s 1 subd 7
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