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Minnesota Legislature

Office of the Revisor of Statutes

48.05 Capital not to be withdrawn; dividends.

No portion of the capital or surplus of any banking institution shall ever be withdrawn by any person or in any way, either in dividends or otherwise, except upon reduction as provided by law.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.

HIST: (7681) RL s 2997; 1957 c 601 s 7; 1993 c 257 s 15