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Minnesota Legislature

Office of the Revisor of Statutes

46.21 DESTRUCTION OF CERTAIN RECORDS.
    Subdivision 1. Reports, correspondence. After ten years, the commissioner of commerce
may dispose of any examination report, call report of the condition of state banks, earnings and
dividend report, oath of office of director, examining committee report, or any correspondence
with reference to any examination report. After a period of two years the commissioner of
commerce need not retain the examiner's original pencil copy of any examination report.
    Subd. 2. Upon liquidation. At any time after ten years from the date of payment of the final
dividend in liquidation, the commissioner of commerce may destroy the records, documents, or
correspondence of any financial corporation of which the commissioner has taken possession or
any records, documents, or correspondence relating to liquidation of any financial corporation
which has been liquidated.
History: 1957 c 505 s 1,2; 1981 c 220 s 4; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s
92; 1986 c 444