1999 Minnesota Statutes

     46.043 Expenses of organization and incorporation of 
  banks limited. 

    The expenses of organization and incorporation to be paid 
 by a bank may not exceed the statutory fees for filing 
 applications as provided in section 46.041 and the necessary 
 legal expenses incurred incident to drawing articles of 
 incorporation, publication, and recording.  The incorporators 
 shall, prior to the issuance of the certificate of 
 authorization, file with the commissioner a verified statement 
 showing the total amount of expense incurred in the organization 
 of the bank to be paid by it after commencing operation.  

    HIST: (3998) 1919 c 86 s 2; 1965 c 171 s 1; 1983 c 289 s 
 18,114 subd 2