2000 Minnesota Statutes

     51A.53 Powers of federal associations; approval. 

    Subject to the approval of the commissioner, any savings 
 association organized under sections 51A.01 to 51A.58 is vested 
 with all powers conferred upon a federal association organized 
 under the laws and regulations of the United States or its 
 agencies, as amended, as fully and completely as if the powers 
 were specifically enumerated and described herein, provided that 
 the same are not specifically prohibited by state law. 

    HIST: 1969 c 490 s 53; 1981 c 276 s 31; 1988 c 666 s 72; 1989 
 c 217 s 14; 1995 c 202 art 1 s 25; 1996 c 414 art 1 s 44; 1997 c 
 157 s 67; 1998 c 260 s 1