2006 Minnesota Statutes

46.34 CERTAIN SECURITIES DEPOSITED WITH THE COMMISSIONER OF
FINANCE.
All securities required or permitted by law to be assigned to and deposited with the
commissioner of commerce for any purpose must, after June 2, 1987, be assigned to and deposited
with the commissioner of finance, who shall give a receipt therefor. This receipt must be filed
with the commissioner, in lieu of the securities, and in this case neither the commissioner nor
the commissioner's bonding agents are responsible for the safekeeping of these securities. The
commissioner of finance shall perform all the duties with regard to the safekeeping of these
securities which the commissioner is now required to perform. The commissioner of finance is
subject to the same obligations and under the same liability, with reference to the safekeeping
of these securities, as the commissioner. The commissioner of finance shall accept, release,
surrender, and permit substitutions of securities assigned to and deposited with the commissioner
of finance under the provisions of Laws 1923, chapter 155, upon order of the commissioner.
History: 1987 c 349 art 1 s 4; 2003 c 112 art 2 s 50