53.06 — Directors, residence.

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     53.06 Directors, residence. 


    At least three-fourths of the directors of any industrial 
 loan and thrift company holding a certificate that includes the 
 right to issue thrift certificates for investment must be 
 residents of Minnesota.  


    HIST: (7774-30) 1933 c 246 s 6; 1943 c 67 s 3; 1947 c 20 s 4; 
 1971 c 442 s 6; 1980 c 503 s 1; 1983 c 250 s 25; 1989 c 166 s 
 22; 1989 c 341 art 2 s 3 


Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.