301.84 OBLIGATIONS ARE LEGAL INVESTMENTS FOR MEMBERS.
Notwithstanding any other statute, the notes or other interest-bearing obligations of any
corporation organized under sections
, issued in accordance with sections
and the articles of incorporation and the bylaws of the corporation shall be legal
investments for any banks, savings banks, savings associations, trust companies, stock or mutual
insurance companies or other financial institutions which become members of the corporation.
History: 1957 c 896 s 14; 1995 c 202 art 1 s 25