2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 334 Money, Rates of Interest
Section 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.
History: 1974 c 26 s 1; 1975 c 27 s 1
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