1998 Minnesota Statutes

     7.19 Depositories, designation.  

    Where any statute of this state requires or permits a bank 
 or trust company to deposit securities with the state treasurer, 
 the latter, on the request of such depositor, may designate some 
 other bank or trust company as the depository of such securities 
 under such depository agreement as may be prescribed and 
 approved by the depositor, and which will not deprive the state 
 treasurer of the control thereof and the charges of such 
 depository shall be paid by the depositing bank or trust 
 company.  If such depositing bank or trust company is a member 
 of the federal reserve system, the federal reserve bank in this 
 state may be the depository designated by the state treasurer.  

    HIST: (107-1) 1933 c 287 s 1; 1986 c 444