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Code · Minnesota · Chapter 50

50.20 REPORT TO SHOW LIABILITIES.

141 words·~1 min read·/mn/chapter-50/50-20

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50.20 REPORT TO SHOW LIABILITIES.
This report shall also state all its liabilities on the morning of January first, and show:
(1)the amount due the depositors, including any dividend to be credited to them for the half year ending on that day; and
(2)all other debts or claims against it which are or may be a charge upon its assets.
It shall also state the amount deposited during the previous year and the amounts withdrawn during the same period; the whole amount of interest or profits received or earned and the amount of dividends or interest credited to depositors; the number of accounts opened or reopened; the number of accounts closed during the year; and the number of open accounts at the end of the year; and such other information as may be required by the commissioner of commerce.
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