2005 Minnesota Statutes - 334.19 — Interest rates on margin accounts.

     334.19 Interest rates on margin accounts.  


    Subject to the provisions of chapter 80A, no law in this 
 state prescribing or limiting interest rates upon loans applies 
 to interest charged by a broker or dealer registered under the 
 Securities Exchange Act of 1934, as amended, for carrying a 
 debit balance including a debit balance arising out of a 
 nonpurpose loan, in an account for a customer if such debit 
 balance is payable on demand and secured by securities or bonds. 


    HIST: 1974 c 26 s 1; 1975 c 27 s 1