2005 Minnesota Statutes - 334.061 — Agricultural credit corporations; interest rate limitations.



     334.061 Agricultural credit corporations; interest rate 
  limitations. 


    A state chartered agricultural credit corporation operating 
 under United States Code, title 12, sections 1401, 1402, 1403, 
 and 1404 may make a charge on its loans at a rate of not more 
 than 4-1/2 percent in excess of the discount rate on 90 day 
 commercial paper in effect at the Federal Reserve Bank in the 
 Federal Reserve District encompassing Minnesota. 


    HIST: 1976 c 158 s 1; 1981 c 347 s 3

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