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Minnesota Legislature

Office of the Revisor of Statutes

334.061 AGRICULTURAL CREDIT CORPORATIONS; INTEREST RATE
LIMITATIONS.
A state chartered agricultural credit corporation operating under United States Code, title 12,
sections 1401, 1402, 1403, and 1404 may make a charge on its loans at a rate of not more than
4-1/2 percent in excess of the discount rate on 90 day commercial paper in effect at the Federal
Reserve Bank in the Federal Reserve District encompassing Minnesota.
History: 1976 c 158 s 1; 1981 c 347 s 3