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

Office of the Revisor of Statutes

49.46 STATE BANK, RETENTION OF ASSETS.
The commissioner of commerce, subject to such conditions as the commissioner may
prescribe, may permit a state bank resulting from a conversion, merger or consolidation of a
national banking association to retain and carry at a valuation determined by the commissioner,
such of the assets of such national banking association as do not conform to the legal requirements
relative to assets acquired and held by state banks.
History: 1951 c 99 s 5; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1986 c 444