366.07 TREASURER MAY SELECT DEPOSITORY.
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/mn/chapter-366/366-07A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
366.07 TREASURER MAY SELECT DEPOSITORY.
If the town board fails to act, as provided in section 366.01, subdivision 4 , within 30 days after the annual town meeting, the treasurer shall select a depository for town funds and deposit them in the name of the town, obtaining security as provided in section 366.01, subdivision 4 .