There is a newer version of the Minnesota Statutes
2016 Minnesota Statutes
Chapters 46 - 59 — BANKING
Chapter 53 — INDUSTRIAL LOAN AND THRIFT COMPANIES
Section 53.06 — DIRECTORS, RESIDENCE.
MN Stat § 53.06 (2016) What's This?
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.
History: (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
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