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Chapter 51A
Section 51A.53
Topics
Recent History
- 1996 51A.53 Repealed 1996 c 414 art 1 s 44
This is an historical version of this statute chapter. Also view the most recent published version.
51A.53 POWERS OF FEDERAL ASSOCIATIONS; APPROVAL.
Subject to the approval of the commissioner, any savings association organized under
sections 51A.01 to 51A.58 is vested with all powers conferred upon a federal association
organized under the laws and regulations of the United States or its agencies, as amended, as fully
and completely as if the powers were specifically enumerated and described herein, provided that
the same are not specifically prohibited by state law.
History: 1969 c 490 s 53; 1981 c 276 s 31; 1988 c 666 s 72; 1989 c 217 s 14; 1995 c 202 art
1 s 25; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 1998 c 260 s 1
Subject to the approval of the commissioner, any savings association organized under
sections 51A.01 to 51A.58 is vested with all powers conferred upon a federal association
organized under the laws and regulations of the United States or its agencies, as amended, as fully
and completely as if the powers were specifically enumerated and described herein, provided that
the same are not specifically prohibited by state law.
History: 1969 c 490 s 53; 1981 c 276 s 31; 1988 c 666 s 72; 1989 c 217 s 14; 1995 c 202 art
1 s 25; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 1998 c 260 s 1
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Revisor of Statutes