Skip to main content Skip to office menu Skip to footer
Minnesota Legislature

Office of the Revisor of Statutes

49.013 INSOLVENT FINANCIAL INSTITUTIONS; NO ASSIGNMENT BY.
No financial institution shall make an assignment by reason of existing or probable
insolvency. Its governing board or managing officers, if satisfied that it is, or is about to become,
insolvent, shall immediately report that fact to the commissioner.
History: (7682) RL s 2998; 1945 c 128 s 1 subd 7