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Minnesota Legislature

Office of the Revisor of Statutes

48.44 BANKS MAY ORGANIZE AS TRUST COMPANY.
Hereafter state banks which may be organized in the manner now provided by law may be
organized with the additional authority to exercise the fiduciary powers and privileges set out
in sections 48A.07 and 48A.08; provided, that the capital and surplus of any such bank shall
not be less than $500,000.
History: (7661-1) 1931 c 267 s 1; 1969 c 772 s 5; 1977 c 272 s 11; 1998 c 331 s 10