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2005 Minnesota Statutes - 48.44 — Banks may organize as trust company.



     48.44 Banks may organize as trust company. 


    Hereafter state banks which may be organized in the manner 
 now provided by law may be organized with the additional 
 authority to exercise the fiduciary powers and privileges set 
 out in sections 48A.07 and 48A.08; provided, that the capital 
 and surplus of any such bank shall not be less than $500,000. 


    HIST: (7661-1) 1931 c 267 s 1; 1969 c 772 s 5; 1977 c 272 s 
 11; 1998 c 331 s 10

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