53.06 DIRECTORS, RESIDENCE.
34 words·~1 min read·
/mn/chapter-53/53-06A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
53.06 DIRECTORS, RESIDENCE.
At least three-fourths of the directors of any industrial loan and thrift company holding a certificate that includes the right to issue thrift certificates for investment must be residents of Minnesota.