2005 Minnesota Statutes

     49.46 State bank, retention of assets.  

    The commissioner of commerce, subject to such conditions as 
 the commissioner may prescribe, may permit a state bank 
 resulting from a conversion, merger or consolidation of a 
 national banking association to retain and carry at a valuation 
 determined by the commissioner, such of the assets of such 
 national banking association as do not conform to the legal 
 requirements relative to assets acquired and held by state banks.

    HIST: 1951 c 99 s 5; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 
 s 92; 1986 c 444