2008 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
51A.16 DEPOSITORIES.
No association shall deposit any of its funds except with a depositary approved by a vote of a majority of the directors authorized of the association, any director who is an officer, partner, director, or trustee of the depository so designated taking no part in such vote.
Official Publication of the State of Minnesota
Revisor of Statutes