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Code · Minnesota · Chapter 51

51A.16 DEPOSITORIES.

49 words·~1 min read·/mn/chapter-51/51a-16

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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.
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E Pluribus Unum — out of many, one

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