There is a newer version of the Minnesota Statutes
2004 Minnesota Code
Chapters 46 - 59 Banking
Chapter 51A Savings Associations
Section 51A.16 Depositories.
51A.16 Depositories.
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.
HIST: 1969 c 490 s 16; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 1998 c 260 s 1
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