2006 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2006 Statutes New, Amended or Repealed
- 2006 Table of Chapters
- 2006 Statutes Topics (Index)
Chapter 424B
Section 424B.21
Recent History
- 2020 424B.21 Repealed 2020 c 108 art 12 s 16
- 2009 424B.21 Amended 2009 c 169 art 10 s 56
- 2000 424B.21 New 2000 c 461 art 16 s 12
This is an historical version of this statute chapter. Also view the most recent published version.
424B.21 ANNUITY PURCHASES UPON DISSOLUTION.
The board of trustees of a volunteer firefighters relief association that is scheduled for
dissolution may purchase annuity contracts under section 424A.02, subdivision 8a, instead of
transferring special fund assets to a municipal trust fund under section 424B.20, subdivision 4.
Payment of an annuity for which a contract is purchased may not commence before the retirement
age specified in the relief association bylaws and in compliance with section424A.02, subdivision
1 . Legal title to the annuity contract transfers to the municipal trust fund under section
424B.20,
subdivision 4 .
History: 2000 c 461 art 16 s 12
The board of trustees of a volunteer firefighters relief association that is scheduled for
dissolution may purchase annuity contracts under section 424A.02, subdivision 8a, instead of
transferring special fund assets to a municipal trust fund under section 424B.20, subdivision 4.
Payment of an annuity for which a contract is purchased may not commence before the retirement
age specified in the relief association bylaws and in compliance with section
1
subdivision 4
History: 2000 c 461 art 16 s 12
Official Publication of the State of Minnesota
Revisor of Statutes