There is a newer version
of
this Section
2019 Minnesota Statutes
Chapters 46 - 59 — Banking
Chapter 48 — Banks
Section 48.05 — Capital Not To Be Withdrawn; Dividends.
Universal Citation: MN Stat § 48.05 (2019)
48.05 CAPITAL NOT TO BE WITHDRAWN; DIVIDENDS.
No portion of the capital or surplus of any banking institution shall ever be withdrawn by any person or in any way, either in dividends or otherwise, except upon reduction as provided by law. No dividend on common stock shall be made except as provided in section 48.09.
History: (7681) RL s 2997; 1957 c 601 s 7; 1993 c 257 s 15
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
