Minnesota Statutes
Chapters 46 - 59 — Banking

Section 46.09 — Department Of Commerce Examiners Or Employees Not To Maintain Interest In Supervised Institutions. - Subdivision 1. Prohibition. No person who is an examiner of...

Section 46.10 — Penalty For Violation. - Any person violating the provisions of section 46.09 shall be...

Section 46.11 — Examiners' Districts. - For the purpose of the better administration of the department,...

Section 46.12 — Reports Of Examiners. - Each examiner appointed under Laws 1909, chapter 201, as amended,...

Section 46.131 — Assessments And Fees For Financial Institutions. - Subdivision 1. Examination fee authority. Examination fees of the Department...

Section 46.14 — Examiners' Powers Enlarged. - The examiner in charge of liquidation in the Department of...

Section 46.17 — Salary Of Examiner In Charge Of Liquidation. - The commissioner of commerce shall fix the salary of the...

Section 46.21 — Destruction Of Certain Records. - Subdivision 1. Reports, correspondence. After ten years, the commissioner of...

Section 46.23 — Unsafe Practices; Definitions. - Subdivision 1. Scope. For purposes of sections 46.23 to 46.33,...

Section 46.24 — Cease And Desist Proceedings; Injunctive Relief. - Subdivision 1. Notice of charges, issuance, contents; hearing; cease and...

Section 46.26 — Violations By Directors, Trustees, Or Officers. - Subdivision 1. Notice of intent to remove from office. Whenever...

Section 46.29 — Board Of Directors Or Trustees, Lack Of Quorum, Temporary Directors Or Trustees. - If at any time because of the suspension or removal...

Section 46.30 — Hearings, Decision; Review, Modification, Termination Or Stay Of Orders. - Subdivision 1. Conduct of hearing. Any hearing provided for in...

Section 46.31 — Enforcement Of Notices Or Orders. - The commissioner may apply to the district court of the...

Section 46.32 — Violation Of Notice Or Final Order; Criminal Penalty. - Any director, trustee or officer, or former director, trustee or...

Section 46.33 — Manner Of Service; Copies To Federal Authorities; Cease And Desist Orders. - Any service required or authorized to be made by the...

Section 46.34 — Certain Securities Deposited With The Commissioner Of Management And Budget. - All securities required or permitted by law to be assigned...

Section 46.35 — Interpretations. - The commissioner of commerce may upon request from an interested...

Chapter 47 — Financial Corporations

Section 47.01 — Definitions. - Subdivision 1. Terms. Unless the language or context clearly indicates...

Section 47.015 — Closing On Certain Days. - Subdivision 1. Financial institutions. As used in this section the...

Section 47.0151 — Emergency Suspension Of Business, Definitions. - Subdivision 1. Scope. For the purposes of sections 47.0151 to...

Section 47.0152 — Emergency Closings; Power Of Commissioner. - Whenever the commissioner is of the opinion that an emergency...

Section 47.0153 — Closings; Powers Of Officers. - Subdivision 1. Emergency closings. When the officers of a financial...

Section 47.0154 — Notice To Commissioner. - A financial institution closing an office or offices pursuant to...

Section 47.0155 — Effect Of Closing. - Any day on which a financial institution, or any of...

Section 47.0156 — Closing Effecting A Permanent Cessation Of Business. - The permanent closing of a financial institution as defined in...

Section 47.016 — Disposition Of Credit Insurance Income. - Subdivision 1. Definitions. (a) For the purpose of this section,...

Section 47.02 — "bank" And "savings Bank." - A "bank" is a corporation having a place of business...

Section 47.03 — Use Of Certain Words Permitted. - Subdivision 1. Bank, banker, banking. No individual, partnership, unincorporated association,...

Section 47.07 — Companies Subject To Provisions. - All companies, associations, and corporations organized under any law of...

Section 47.08 — Articles Of Incorporation Filed With Commissioner. - All persons proposing to incorporate and organize any financial institution,...

Section 47.09 — Advertisements. - No such financial institution shall, directly, indirectly, or by inference...

Section 47.096 — Time Deposits; Notice Of Automatic Renewal. - If a deposit for a term of one year or...

Section 47.10 — Real Estate; Acquisition, Holding. - Subdivision 1. Authority, approval, limitations. (a) Except as otherwise specially...

Section 47.101 — Place Of Business; Relocation, Disposal. - Subdivision 1. Approval. A bank, trust company, savings bank, or...

Section 47.11 — Selection Of Name. - Before execution of the certificate of incorporation of any such...

Section 47.12 — Financial Corporations. - Subdivision 1. Purposes. Corporations may be formed for any one...

Section 47.13 — Application Of Business Corporation Act. - The provisions of chapter 302A, other than sections 302A.471, 302A.473,...

Section 47.14 — Certificate; How Accompanied. - The certificate of incorporation, when presented to the commissioner of...

Section 47.15 — Bylaws. - Subdivision 1. Adoption of bylaws. Initial bylaws may be adopted...

Section 47.16 — Certification By Commissioner. - Subdivision 1. Filing. The certificate of a corporation must be...

Section 47.171 — Certificates Of Incorporation, Amendment; Exceptions. - The certificate of incorporation of a financial corporation organized and...

Section 47.172 — Restated Certificates Of Incorporation. - Subdivision 1. Procedure. A financial corporation may by action taken...

Section 47.18 — "corporation"; "agency." - For the purpose of this section and section 47.19, the...

Section 47.19 — Corporation May Be Member Or Stockholder Of Federal Agency. - Any corporation is hereby empowered and authorized to become a...

Section 47.20 — Lending Authority Of Financial Institutions. - Subdivision 1. General authority. Pursuant to rules the commissioner of...

Section 47.201 — Graduated Payment Mortgages And Cooperative Apartment Loans. - Subdivision 1. Definitions. For the purposes of this section, the...

Section 47.203 — Federal Preemption Override. - The provisions of Public Law 96-221, title V, part A,...

Section 47.204 — Temporary Removal Of Mortgage Usury Limits. - Subdivision 1. Limits on interest and other charges. Notwithstanding any...

Section 47.205 — Assignment Of Mortgage; Duties; Penalties. - Subdivision 1. Definitions. For the purposes of this section, the...

Section 47.206 — Interest Rate Or Discount Point Agreements. - Subdivision 1. Definitions. For the purposes of this section, the...

Section 47.207 — Cancellation Of Private Mortgage Insurance. - Subdivision 1. Definitions. For the purposes of this section, the...

Section 47.208 — Delivery Of Satisfaction Of Mortgage. - Subdivision 1. Delivery required. Upon written request, a good and...

Section 47.209 — Manufactured Home Financing; Property Tax Collection Requirement. - Subdivision 1. Applicability. This section applies to any agreement entered...

Section 47.21 — Inapplicable Laws; Authorized Investments. - Subdivision 1. Limits relating to loans. No other law in...

Section 47.23 — Use Of Certain Words Permitted. - Subdivision 1. Savings, trust, safe deposit. Except as specifically authorized...

Section 47.24 — Failure To Report; Forfeitures. - Every corporation which shall fail to make and transmit to...

Section 47.25 — Notice Of Meetings. - At least 30 days prior to any annual, and at...

Section 47.26 — Violations. - Every officer, agent, or employee of any corporation or copartnership,...

Section 47.27 — Definitions. - Subdivision 1. Scope. Unless the language or context clearly indicates...

Section 47.28 — Savings Banks May Convert Into Savings Associations. - Subdivision 1. Procedure. Any savings bank organized and existing under...

Section 47.30 — Savings Association May Convert Into Savings Bank. - Subdivision 1. Procedure. Any capital stock savings association organized and...

Section 47.325 — Appeal And Judicial Review. - A savings bank aggrieved by any action or inaction of...

Section 47.41 — Negotiable Instruments, Facsimile Signatures, Disbursement Of Public Funds. - Any public officer or other person who is authorized singly...

Section 47.42 — Facsimile Signatures, Officer Not Liable. - If the governing body of the depositor political subdivision, or...

Section 47.51 — Detached Banking Facilities; Definitions. - As used in sections 47.51 to 47.57: "Extension of the...

Section 47.52 — Authorization. - (a) With the prior approval of the commissioner, any bank...

Section 47.521 — Closed Bank Location; Authorization. - Where the commissioner has determined that an existing state bank...

Section 47.53 — Functions Of A Facility. - A detached facility may provide any service or perform any...

Section 47.54 — Notices And Approval Procedures. - Subdivision 1. Application. Any bank desiring to establish a detached...

Section 47.55 — Existing Banking Facilities Or Branches Of Savings Associations. - Subdivision 1. Banking facilities in operation prior to May 1,...

Section 47.56 — Transfer Of Location. - The location of a detached facility transferred to another location...

Section 47.561 — Identification Of Detached Facility. - A detached facility must be properly identified at its location...

Section 47.57 — Violation; Penalties. - A violation of sections 47.51 to 47.57 shall be subject...

Section 47.58 — Reverse Mortgage Loans. - Subdivision 1. Definitions. For the purposes of this section, the...

Section 47.59 — Financial Institution Credit Extension Maximum Rates. - Subdivision 1. Definitions. For purposes of this section, the following...

Section 47.60 — Consumer Small Loans. - Subdivision 1. Definitions. For purposes of this section, the terms...

Section 47.601 — Consumer Short-term Loans. - Subdivision 1. Definitions. (a) For the purposes of this section,...

Section 47.602 — Motor Vehicle Title Loans. - Subdivision 1. Definitions. (a) The terms defined in this section...

Section 47.605 — Loan Solicitation; Unrequested Checks Regulated. - Subdivision 1. Definitions. (a) For purposes of this section, the...

Section 47.61 — Electronic Funds Transfer Facilities; Definitions. - Subdivision 1. Scope. For the purposes of sections 47.61 to...

Section 47.62 — Authorization. - Subdivision 1. General authority. Any person may establish and maintain...

Section 47.63 — Functions Of An Electronic Financial Terminal. - Financial transactions which may be performed by an electronic financial...

Section 47.64 — Operation Of An Electronic Financial Terminal. - Subdivision 1. Request to use. (a) Any person establishing and...

Section 47.65 — Transmission Facility. - Subdivision 1. Establishment. Any person may establish a transmission facility...

Section 47.66 — Examination. - An electronic financial terminal or a transmission facility may be...

Section 47.67 — Advertising. - No advertisement by a person which relates to an electronic...

Section 47.68 — Electronic Financial Terminal Security. - Every person establishing and maintaining an electronic financial terminal and...

Section 47.69 — Consumer Privacy. - Subdivision 1. General requirements. To protect the privacy of customers...

Section 47.70 — Antitrust. - No person engaged in electronic financial terminal or transmission facility...

Section 47.71 — Rules. - Subdivision 1. Authorization. The commissioner may promulgate such rules as...

Section 47.72 — Cease And Desist Order; Injunction; Penalties. - Subdivision 1. Authorization. If the commissioner determines that a person,...

Section 47.73 — Hearing. - Any person aggrieved with a cease and desist order, revocation,...

Section 47.74 — Federal Institutions; Application. - The provisions of sections 47.61 to 47.74 shall apply to...

Section 47.75 — Limited Trusteeship. - Subdivision 1. Retirement, health savings, and medical savings accounts. (a)...

Section 47.76 — Required Savings Account. - A federal or state chartered financial institution, including, but not...

Section 47.77 — Transfer Of Accounts Prohibited; Notice On Closing. - (a) No financial institution shall initiate a transfer of a...

Section 47.78 — Contracts To Provide Services. - (a) Notwithstanding any other law to the contrary, a financial...

Chapter 48 — Banks

Section 48.01 — Definitions. - Subdivision 1. Words, terms, and phrases. Unless the language or...

Section 48.02 — Capital And Surplus; Prepayment Of Capital. - (a) The capital and surplus of every state bank hereafter...

Section 48.03 — Shares. - Subdivision 1. Shareholder list. The president and cashier of any...

Section 48.032 — Preemptive Rights. - (a) Unless otherwise denied or limited in the certificate of...

Section 48.033 — State Banks, Liability Of Shareholders. - Notwithstanding sections 48.03 and 49.24, any shareholder of a state...

Section 48.04 — Increase And Reduction Of Capital. - No increase or reduction of the capital of any banking...

Section 48.05 — Capital Not To Be Withdrawn; Dividends. - No portion of the capital or surplus of any banking...

Section 48.055 — Issuance Of Preferred Stock, Conditions. - Subdivision 1. Authorization. Any state bank may issue preferred stock...

Section 48.056 — Reverse Stock Split. - Subdivision 1. Power to effect. (a) A banking institution may...

Section 48.06 — Board Of Directors. - Subdivision 1. Size. The business of a bank must be...

Section 48.07 — Officers; Appointment, Removal. - The board of directors of a bank or trust company...

Section 48.08 — Directors And Officers, Restricted Use Of Bank Funds; Dealings With Bank. - No director, officer or employee shall, directly or indirectly, in...

Section 48.09 — Dividends; Surplus. - Subdivision 1. Creation of surplus fund. At the end of...

Section 48.10 — Annual Audit; Report. - The board of directors of a bank, bank and trust,...

Section 48.11 — Contracts, How Made. - Every contract made by any bank, except routine business, shall...

Section 48.12 — Bonds Of Officers And Employees. - Every state bank shall be protected against loss by reason...

Section 48.13 — Conditions Of Bonds. - Subdivision 1. Securities. If a bond is given, it shall...

Section 48.14 — Examinations, Reports To Show Names Of Bonded Officers And Employees. - When an examination is made of a bank by the...

Section 48.15 — Special Powers. - Subdivision 1. Authority. In addition to the inherent and granted...

Section 48.151 — Additional Powers. - Any bank, savings bank, or trust company organized under the...

Section 48.152 — State Bank Acquisition And Leasing Of Personal Property. - Subdivision 1. Authorization. A state bank may acquire and lease...

Section 48.153 — Installment Loans; Finance Charges; Minimum Charges. - Subdivision 1. [Repealed, 1982 c 494 s 5] Subd. 1a....

Section 48.154 — Prepayment, Extension Of Terms. - The borrower may repay the entire balance or any portion...

Section 48.155 — Allowable Additional Charges. - No charge other than those provided for in sections 48.153...

Section 48.156 — Loan Due On Default. - Nothing in sections 48.153 to 48.157 shall prohibit the lender...

Section 48.157 — Copy Of Note To Borrower. - At the time of making an installment loan under the...

Section 48.158 — Settlement Of Checks At Less Than Par. - No bank or trust company organized under the laws of...

Section 48.16 — Banks May Not Pledge Assets; Exceptions. - No bank or trust company shall pledge, hypothecate, assign, transfer,...

Section 48.17 — Powers Of Officers Or Employees. - No officer or employee of a bank or trust company...

Section 48.18 — Pledges Or Liens Of Assets Subject To Prior Liens. - No bank or trust company shall pledge or hypothecate or...

Section 48.185 — Open End Loan Account Arrangements. - Subdivision 1. Authorization. Any bank organized under the laws of...

Section 48.194 — Installment Sales Contracts; Loans. - A person may enter into a credit sale or service...

Section 48.195 — Interest Rates; Usury Limit For Depository Institutions. - Notwithstanding any law to the contrary, a bank, savings bank,...

Section 48.196 — Penalty For Usurious Interest. - The taking, receiving, reserving or charging by a lender of...

Section 48.20 — Unauthorized Pledges, Notes, Liens Void. - Any note, endorsement, guaranty, pledge, hypothecation, lien or other obligation...

Section 48.21 — Real Estate; Restrictions On Holding. - Subdivision 1. Specific restrictions. (a) A bank may purchase, carry...

Section 48.221 — Reserves. - A state bank or trust company shall maintain reserves in...

Section 48.23 — Bank Not To Lend On Its Own Stock Or Purchase Same. - Any such bank shall make no loan or discount on...

Section 48.24 — Restrictions Upon Total Liabilities To A Bank. - Subdivision 1. Total liabilities of any individual. The total liabilities...

Section 48.245 — War Veteran; Minority; Contract For Loan. - The disability of minority of any person otherwise eligible for...

Section 48.27 — Limitation On Amount Of Deposits. - No bank or trust company organized under the laws of...

Section 48.28 — Liquidation Unless Deposits Are Reduced. - If any such bank or trust company shall violate the...

Section 48.30 — Deposits In Name Of Minor. - Any deposit made in the name of a minor, shall...

Section 48.301 — Multiparty Accounts. - When any deposit is made in the names of two...

Section 48.31 — State Banks Organized From National Banks. - When any national bank authorized to dissolve has taken the...

Section 48.32 — State Banks Or Trust Companies May Be Members Of Federal Reserve Banks. - Any incorporated state bank or trust company may become a...

Section 48.33 — Execution Of Trust. - When any state bank shall reorganize as a national bank,...

Section 48.35 — Clearinghouses. - Clearinghouses may make and enforce suitable provisions for effecting, at...

Section 48.36 — Application. - Subdivision 1. State bank to acquire trust authority. Any state...

Section 48.37 — Certificates From Commissioner. - In order to exercise the powers herein conferred, any such...

Section 48.39 — Trust Accounts Recorded. - Besides its general books of account, it shall keep separate...

Section 48.40 — Subject To Orders Of Court. - Every such bank shall be subject at all times to...

Section 48.41 — Corporate Name. - Any such bank which has qualified and obtained a certificate,...

Section 48.42 — Bank May Be Designated As Savings Bank. - Any state bank which has qualified under section 48.37 and...

Section 48.43 — Bank May Cease Operations; Duties Of Commissioner. - Any state bank which has qualified hereunder may at any...

Section 48.44 — Bank May Organize As Trust Company. - Hereafter state banks which may be organized in the manner...

Section 48.45 — Corporate Names. - A bank with the additional authority provided for in sections...

Section 48.46 — Authorized Securities Purchased. - No state bank hereafter organized with authority to exercise fiduciary...

Section 48.47 — Banking And Trust Company Business. - After the application of the corporation shall have been favorably...

Section 48.48 — Reports To Commissioner. - Subdivision 1. Submission and publication. At least four times in...

Section 48.49 — Books To Be Kept. - Every such bank shall open and keep such books and...

Section 48.512 — Procedures For Opening Checking Accounts. - Subdivision 1. Definitions. For the purpose of this section the...

Section 48.513 — Financial Intermediary Fees. - A financial intermediary may charge a fee for the assembly,...

Section 48.56 — Banking Institution May Use Federal Banking Laws. - Subdivision 1. General powers. The board of directors of a...

Section 48.59 — Commissioner May Accept Examinations And Reports Of Corporation. - Subdivision 1. MS 2002 [Renumbered 48.59, para (a)] Subd. 2....

Section 48.605 — State Banks, Employee Stock Option And Stock Purchase Plans. - Subdivision 1. Authority and terms. Any state bank may grant...

Section 48.61 — Authorized Investments For State Banks And Trust Companies. - Subdivision 1. Agricultural credit corporations. Any bank or trust company...

Section 48.62 — Bank May Issue Notes Or Debentures. - With the approval of the commissioner any banking institution may,...

Section 48.63 — Security For Deposits Not Required. - Notwithstanding any provisions of law of this state requiring security...

Section 48.64 — Deposits Of Trust Funds. - Any person, firm, or corporation appointed by a court of...

Section 48.74 — Funds And Property Held In Fiduciary Capacity. - Besides its general books of account, it shall keep separate...

Section 48.88 — Violations; Penalties. - Subdivision 1. Criminal penalty. Any officer or employee of a...

Section 48.89 — Clerical Service Corporation. - Subdivision 1. Definitions. For the purposes of this section the...

Section 48.892 — Clerical Services Offices. - A bank may perform clerical services, as defined in section...

Section 48.90 — Legislative Intent. - Subdivision 1. Express intent. It is the express intention of...

Section 48.91 — Title. - Sections 48.90 to 48.99 may be cited as the "Interstate...

Section 48.92 — Definitions. - Subdivision 1. Terms. When used in sections 48.90 to 48.99,...

Section 48.93 — Acquisition Procedure. - Subdivision 1. Application. An out-of-state bank holding company may, through...

Section 48.96 — Supervision. - The department may enter into cooperative and reciprocal agreements with...

Section 48.99 — Special Acquisitions Authorized. - Subdivision 1. Application criteria for approval. Pursuant to the present...

Section 48.992 — Exemption. - Subdivision 1. Resolution. The board of directors of a bank...

Chapter 48A — Trust Companies

Section 48A.01 — Organization Of A State Trust Company. - Subdivision 1. Articles of incorporation. (a) Subject to the other...

Section 48A.02 — Application For State Trust Company Charter. - Subdivision 1. Procedure. An application for a trust company charter...

Section 48A.03 — Capital And Surplus Requirements Of Trust Companies. - Subdivision 1. Required amount. The capital of a trust company...

Section 48A.04 — Certain Trust Companies May Assume Powers Of State Banks. - Subdivision 1. Authority. Upon complying with the terms of this...

Section 48A.05 — National Associations; Powers. - The commissioner of commerce may authorize trust companies organized under...

Section 48A.06 — Prohibited Dealings And Indebtedness. - (a) A trust company shall not engage in banking, mercantile,...

Section 48A.07 — Trust Company Or Bank; Special Powers And Duties As Fiduciary. - Subdivision 1. Qualifying organizations. A trust company, or bank that...

Section 48A.08 — Incidental Investments, Powers, And Limitations. - Subdivision 1. Qualifying organization. A trust company, or a bank...

Section 48A.09 — Definitions. - Subdivision 1. Terms. For purposes of this section and section...

Section 48A.10 — Substitution; Procedure. - Subdivision 1. Application. A bank or trust company may file...

Section 48A.11 — National Banks As Fiduciaries. - A national bank in this state granted a special permit...

Section 48A.12 — Definitions. - Subdivision 1. Terms. For purposes of sections 48A.12 to 48A.22,...

Section 48A.13 — State Trust Company Principal Office. - Subdivision 1. Requirement. A state trust company must have and...

Section 48A.14 — State Trust Institutions; Representative Trust Offices. - Subdivision 1. Authority. (a) A state trust institution may establish...

Section 48A.15 — State Banks And Trust Companies; Trust Service Offices. - Subdivision 1. Authorization. (a) A trust company organized under the...

Section 48A.16 — Detached Facilities. - A state trust institution may establish or acquire and maintain...

Section 48A.17 — Authority For Out-of-state Trust Offices; Prior Written Notice. - (a) A state trust institution may establish and maintain a...

Section 48A.18 — Out-of-state Trust Institution Trust Offices. - Subdivision 1. Requirement. An out-of-state trust institution may act as...

Section 48A.19 — Out-of-state Trust Institution Representative Trust Offices. - Subdivision 1. Authorization. (a) Subject to the requirements contained in...

Section 48A.20 — Supervision Of Out-of-state Trust Institutions. - Subdivision 1. Examinations. To the extent consistent with subdivision 3,...

Section 48A.21 — Notice Of Subsequent Merger, Closing. - Each out-of-state trust institution that maintains an office in this...

Section 48A.22 — Enforcement. - Subdivision 1. General authority of commissioner. (a) Consistent with hearing...

Chapter 49 — Liquidation, Consolidation, Merger

Section 49.01 — Definitions. - Subdivision 1. Scope. For the purposes of sections 49.01 to...

Section 49.013 — Insolvent Financial Institutions; Assignment Prohibited. - No financial institution shall make an assignment by reason of...

Section 49.02 — Assessments On Stock; Stock Unpaid Or Capital Impaired. - Subdivision 1. Grounds for assessment. Every bank or trust company...

Section 49.04 — Involuntary Liquidation Of Financial Institutions. - Subdivision 1. Commissioner taking possession; grounds for; rights of third...

Section 49.05 — Powers And Duties Of Commissioner On Liquidation. - Subdivision 1. General powers. In all cases where the commissioner...

Section 49.06 — Consolidation During Liquidation. - Any such financial institution in course of liquidation may, with...

Section 49.07 — Reorganization During Liquidation. - Subdivision 1. Plan. When the commissioner, with a view to...

Section 49.17 — Assessments Against Stockholders; Orders For. - In all cases where a state bank or trust company...

Section 49.18 — Review Of Orders Of Commissioner. - The order is a conclusive determination that the necessity for...

Section 49.19 — Defenses By Stockholders. - In all other respects the stockholders in the corporation shall...

Section 49.20 — Remedy Exclusive. - The provisions of sections 49.17 to 49.19 shall not be...

Section 49.215 — Voluntary Liquidations. - Subdivision 1. Resolution. By a resolution duly adopted by the...

Section 49.24 — Procedure In Liquidation. - Subdivision 1. Inventory. Upon taking possession of the property and...

Section 49.30 — Committee To Complete Liquidation. - At any time after a period of three years shall...

Section 49.31 — Committee To Furnish Bonds. - The committee provided for by section 49.30 shall furnish adequate...

Section 49.32 — Discharge Of Commissioner As Statutory Liquidator. - Upon this order of the court, the commissioner shall be...

Section 49.33 — Consolidation And Merger, When Authorized. - Subject to the provisions of sections 49.33 to 49.41, with...

Section 49.34 — Consolidation Or Merger Of State Banks Or Trust Companies, Procedure. - Subdivision 1. Generally. Any two or more state banks, operating...

Section 49.35 — Consolidation Or Merger Agreement. - The respective boards of directors of the consolidating or merging...

Section 49.36 — Approval By Commissioner. - Subdivision 1. Requirements. This consolidation or merger agreement and certified...

Section 49.37 — Stockholders To Approve; Certificate Of Consolidation Or Merger. - Either before or after the consolidation or merger agreement has...

Section 49.38 — Corporate Existence Merged; Rights, Powers, Obligations. - Upon the consolidation or merger of a corporation with or...

Section 49.39 — Consolidation Or Merger Of Banks And Trust Companies. - Upon the consolidation or merger of a trust company with...

Section 49.40 — Pending Actions Or Proceedings Not Affected. - Any pending action or other judicial proceeding in which any...

Section 49.41 — Rights Of Dissenting Shareholders. - Any shareholder not voting in favor of the agreement of...

Section 49.411 — Interstate Bank Mergers Affecting Interstate Branching. - Subdivision 1. Purpose. It is the express intent of this...

Section 49.42 — State Bank. - As used in sections 49.42 to 49.46: "State bank" means...

Section 49.43 — State Bank; Conversion, Merger, Consolidation; National Banking Association. - A state bank may convert into a national banking association...

Section 49.44 — National Banking Association; Conversion, Merger, Consolidation; State Bank. - A national banking association which is located in this state...

Section 49.45 — Merger Or Consolidation. - One or more national banking associations which are located in...

Section 49.46 — State Bank, Retention Of Assets. - The commissioner of commerce, subject to such conditions as the...

Chapter 50 — Savings Banks

Section 50.001 — Application For Certificate Of Authority; Procedure. - The procedures for the application and issuance of a certificate...

Section 50.01 — Expediency Ascertained. - To enable the commissioner of commerce to determine the expediency...

Section 50.04 — Bonds Of Trustees Or Directors. - Every director, before entering upon any duties, shall give bond...

Section 50.05 — Bonds Of Officers And Employees. - A savings bank shall be protected against loss by reason...

Section 50.06 — Directors. - Subdivision 1. Authority and qualifications. The business of every such...

Section 50.065 — Officers. - Every savings bank, except when otherwise specially provided, must have...

Section 50.085 — Powers. - Subdivision 1. Generally. Every savings bank incorporated pursuant to or...

Section 50.11 — Securities Held For Safekeeping; Safe Deposit Boxes; Limitation Of Liability. - A savings bank may receive for safekeeping for its depositors...

Section 50.13 — Real Estate. - A savings bank may purchase, hold, or convey land sold...

Section 50.14 — Authorized Securities. - Subdivision 1. Definition. Except as it relates to the investment...

Section 50.145 — Authorized Investments; General Authority. - Any savings bank subject to the supervision of the commissioner...

Section 50.146 — Authorized Investments; Corporations. - Subdivision 1. General authority. In addition to other investments authorized...

Section 50.1465 — Authorized Investments; Service Corporations. - Subdivision 1. Generally. In addition to other investments authorized by...

Section 50.147 — Authorized Investments; Student Loans. - In addition to other investments authorized by law, a savings...

Section 50.148 — Authorized Investments; Manufactured Home Loans. - In addition to other investments authorized by law, a savings...

Section 50.1485 — Lending Authority. - Subdivision 1. Generally. In addition to other investments authorized by...

Section 50.155 — Purchase Of Certain Mortgage Loans. - Savings banks that are subject to the supervision of the...

Section 50.17 — Deposit Accounts. - Subdivision 1. Generally. A deposit account with a savings bank...

Section 50.171 — Treasury Tax And Loan Accounts Of The United States. - A savings bank shall have the power and authority to...

Section 50.175 — Negotiable Order Of Withdrawal Account. - Subdivision 1. Authorization. Any savings bank organized and operating pursuant...

Section 50.18 — Method Of Determining Surplus. - In determining the percent of surplus held by any such...

Section 50.19 — Reports To The Commissioner. - Each savings bank shall submit the reports required of state...

Section 50.20 — Report To Show Liabilities. - This report shall also state all its liabilities on the...

Section 50.212 — Savings Bank Regulation. - Subdivision 1. Commerce Department to control. The commissioner of commerce...

Section 50.24 — Existing Banks Conformed; Exceptions. - The powers, privileges, and duties conferred and imposed on any...

Section 50.245 — Branches; Acquisitions. - Subdivision 1. Authority for branch offices. A savings bank may...

Section 50.25 — Banks Organized Under The Laws Of Minnesota; Capital Stock; Amendment Of Articles. - A corporation which was incorporated and organized under the laws...

Section 50.28 — Declaratory Judgments. - At any time after a controversy has arisen between the...

Chapter 51A — Savings Associations

Section 51A.01 — Citation. - Sections 51A.01 to 51A.58 may be cited as the "Savings...

Section 51A.02 — Definitions. - Subdivision 1. Scope. When used in sections 51A.01 to 51A.57,...

Section 51A.03 — Incorporation. - Subdivision 1. Application for certificate of incorporation. Any three or...

Section 51A.04 — Organization Of Mutual Associations. - Subdivision 1. Selection of chair of incorporators; savings liability required....

Section 51A.041 — Organization Of Capital Stock Associations. - Subdivision 1. Selection of chair of incorporators; surety bond and...

Section 51A.05 — Name; Office. - Subdivision 1. Corporate name. The name of every association shall...

Section 51A.06 — Conversion. - Subdivision 1. [Repealed, 1981 c 276 s 32] Subd. 2....

Section 51A.065 — Mutual And Capital Stock Conversions. - Subdivision 1. Types of conversions. Any mutual or capital stock...

Section 51A.07 — Power To Reorganize, Merge, Or Consolidate. - Pursuant to a plan adopted by the board of directors...

Section 51A.08 — Dissolution. - Subdivision 1. Notice and vote. Any association, by a vote...

Section 51A.09 — Meetings Of Members Of Mutual Associations. - Subdivision 1. Annual and special. An annual meeting of the...

Section 51A.10 — Membership Charges Prohibited. - The mutual association shall not directly or indirectly charge any...

Section 51A.11 — Access To Books And Records; Communication With Members Or Stockholders. - Subdivision 1. Exclusiveness of access. The right of inspection and...

Section 51A.12 — Financial Statement; Mutual Associations. - Every mutual association shall prepare and publish annually within 30...

Section 51A.13 — Directors Of Mutual Associations. - Subdivision 1. Composition. The business of the association shall be...

Section 51A.131 — Directors Of Capital Stock Associations. - The duties and qualifications required of directors of capital stock...

Section 51A.14 — Indemnity Bonds. - All directors, officers, and employees of an association shall, before...

Section 51A.15 — Transactions Of Officers And Directors. - Subdivision 1. Fiduciary relationships. Directors and officers occupy a fiduciary...

Section 51A.16 — Depositories. - No association shall deposit any of its funds except with...

Section 51A.17 — Indemnification Of Officers, Directors And Employees. - The indemnification of officers, directors, and employees of associations is...

Section 51A.19 — Records. - Subdivision 1. Records to be kept at home office. Every...

Section 51A.20 — Reserve Accounts; Surplus And Undivided Profits. - Subdivision 1. Mutual associations. Every association shall set up and...

Section 51A.21 — Powers Of Association. - Subdivision 1. Generally. Every association incorporated pursuant to or operating...

Section 51A.22 — Savings Liability. - Subdivision 1. Operation of savings liability. The savings liability of...

Section 51A.23 — Savings Account. - Subdivision 1. Ownership. Trust funds received by a real estate...

Section 51A.24 — Contracts For School Savings Programs. - An association may contract with the proper authorities of any...

Section 51A.251 — Married Persons And Minors. - An association may issue deposit accounts or negotiable order of...

Section 51A.261 — Deposits In Name Of Minor. - A deposit made at an association in the name of...

Section 51A.262 — Multiparty Accounts. - When any deposit is made in the names of two...

Section 51A.27 — Pledge To Association Of Savings Accounts In Joint Tenancy. - The pledge or hypothecation to any association or federal association...

Section 51A.28 — Accounts Of Administrators, Executors, Guardians, Custodians, Trustees, And Other Fiduciaries. - Any association may accept deposit accounts in the name of...

Section 51A.29 — Accounts Of Incompetents. - When a savings account is held in any association or...

Section 51A.30 — Accounts Of Deceased Nonresidents. - When a savings account is held in any association or...

Section 51A.31 — Savings Accounts As Legal Investments. - Subdivision 1. Legal investments. Administrators, executors, custodians, conservators, guardians, trustees,...

Section 51A.32 — Earnings. - Subdivision 1. Mutual association. A mutual association may pay earnings...

Section 51A.33 — Withdrawal. - Any savings account member or authorized representative may at any...

Section 51A.34 — Redemption. - At any time funds are on hand for the purpose,...

Section 51A.35 — Investment In Securities. - Associations shall have power to invest in securities as follows:...

Section 51A.361 — Reserves. - An association shall maintain reserves in the form of liquid...

Section 51A.37 — Investment In Loans. - Subdivision 1. Generally. Every association shall have power to invest...

Section 51A.38 — Loan Plans. - Subdivision 1. Generally. Real estate loans and other loans secured...

Section 51A.386 — Terms And Conditions Of Loans, Contracts, And Extensions Of Credit. - Subdivision 1. Application. Except as otherwise provided in this section,...

Section 51A.40 — Dealing With Successors In Interest. - In the case of any investment made by an association...

Section 51A.41 — Right To Act To Avoid Loss. - Nothing in sections 51A.01 to 51A.57 or the statute law...

Section 51A.42 — Savings Associations. - Subdivision 1. Commerce Department to control. The Department of Commerce...

Section 51A.43 — Supervisory Power Of Commissioner. - The commissioner shall have general supervision over all associations, service...

Section 51A.44 — Reports And Examinations. - Subdivision 1. Annual report. On or before the last day...

Section 51A.45 — Enforcement And Conservatorship. - Subdivision 1. Commissioner may order association to discontinue any illegal...

Section 51A.46 — Receivership. - Subdivision 1. Appointment of receiver. If the commissioner shall find...

Section 51A.47 — Correction Of Wrongdoings By Unimpaired Institution. - No conservator or receiver shall be appointed, or private property...

Section 51A.48 — Right To Declaratory Judgment. - At any time after any controversy has arisen between the...

Section 51A.50 — Federal Associations. - The following sections apply to federal associations, except to the...

Section 51A.51 — Fees. - Subdivision 1. Fees to be paid to commissioner of management...

Section 51A.52 — Directors, Employees, Members, And Stockholders Of Association May Acknowledge Instruments To Which It Is A Party. - No public officer qualified to take acknowledgments or proofs of...

Section 51A.53 — Powers Of Federal Associations; Approval. - Subject to the approval of the commissioner, any savings association...

Section 51A.54 — Insolvent Associations Liquidated. - Insolvent associations shall be liquidated under and pursuant to the...

Section 51A.55 — Conformity. - Subdivision 1. Thrift and home financing organizations. All persons accepting...

Section 51A.56 — Act Controlling. - Insofar as the provisions of sections 51A.01 to 51A.58 are...

Section 51A.57 — Separability. - If any provision, clause, or phrase of sections 51A.01 to...

Section 51A.58 — Interstate Branching. - An association, whether or not the subsidiary of a savings...

Chapter 52 — Credit Unions

Section 52.001 — Definitions. - Subdivision 1. Application. For purposes of this chapter, the terms...

Section 52.01 — Organization. - Any seven residents of the state may apply to the...

Section 52.02 — Resolutions, Amendment Of Bylaws And Certificate Of Organization, Approval. - Subdivision 1. Amendment of bylaws by members. (a) If three...

Section 52.03 — "credit Union," Unlawful Use. - Subdivision 1. Penalty. Except as provided in subdivision 2, it...

Section 52.04 — Powers. - Subdivision 1. Generally. A credit union has the following powers:...

Section 52.05 — Membership. - Subdivision 1. Requirements. Credit union membership consists of the incorporators...

Section 52.06 — Supervision; Reports; Audits; Fees. - Subdivision 1. Report and audit schedule. Credit unions shall be...

Section 52.062 — Credit Unions; Suspension Of Operation. - Subdivision 1. Reasons for commissioner's action. Whenever the commissioner of...

Section 52.063 — Proceedings Following Suspension, Continuation Of Suspension, Or Consent Cease And Desist Order; Appointment Of National Credit Union Administration Board As Receiver. - Subdivision 1. Proceedings following suspension or continuation of suspension. Upon...

Section 52.064 — Receivership. - Subdivision 1. Ceasing operations; planning for return. A receiver shall...

Section 52.07 — Fiscal Year; Meetings; Voting. - The fiscal year of all credit unions shall end December...

Section 52.08 — Annual Meeting. - At the annual meeting the credit union shall elect a...

Section 52.09 — Directors; Powers And Duties. - Subdivision 1. Meetings; officers. At their first meeting, and annually...

Section 52.10 — Credit Committee; Credit Manager; Powers. - Subdivision 1. Authority of credit committee. The credit committee shall...

Section 52.11 — Supervisory Committee; Duties. - The supervisory committee shall: (1) make an examination of the...

Section 52.12 — Capital; Entrance Fees; Credit Union To Have Lien. - The capital of a credit union includes shares, share certificates,...

Section 52.13 — Deposits In Name Of Minor. - Any deposit made in the name of a minor, or...

Section 52.131 — Multiparty Accounts. - When any deposit is made in the names of two...

Section 52.137 — Individual Retirement Accounts. - Notwithstanding sections 52.04, subdivision 1, clause (1), and 52.05, a...

Section 52.14 — Interest On Loans. - Subdivision 1. [Repealed, 1982 c 494 s 5] Subd. 2....

Section 52.141 — Loan Expenses. - In addition to the interest charged on loans, the borrowing...

Section 52.15 — Borrowing; Limitation. - Subdivision 1. Fifty percent of unimpaired assets. A credit union...

Section 52.16 — Lending; Conditions. - Subdivision 1. Purposes; repayment; loans involving officers. A credit union...

Section 52.165 — Graduated Payment Home Loan. - Subdivision 1. Definition. As used in this section, "graduated payment...

Section 52.17 — Reserve Fund. - Subdivision 1. [Repealed, 2002 c 342 s 11] Subd. 2....

Section 52.18 — Dividends. - The directors of a credit union may, on a daily,...

Section 52.19 — Expulsion Or Withdrawal Of Members. - Subdivision 1. General regulation. A member may be expelled by...

Section 52.191 — Inactive Accounts. - Whenever a member's share or deposit balance is less than...

Section 52.20 — Voluntary Dissolution. - Subdivision 1. Special meeting; liquidation committee. A credit union may...

Section 52.201 — Reorganizing Federal Credit Union Into State Credit Union. - When any federal credit union authorized to convert to a...

Section 52.202 — Directors May Execute Certificates. - When any state credit union authorized to dissolve has taken...

Section 52.203 — Merger Or Consolidation. - Any credit union chartered by this state may merge with...

Section 52.21 — Change Of Place Of Business. - A credit union may change its place of business within...

Section 52.211 — Student Education Programs. - A credit union is allowed to establish part-time deposit-taking locations...

Section 52.212 — Senior Citizen Locations. - In addition to its primary member location, a credit union...

Section 52.24 — Mandatory Share And Deposit Insurance. - Subdivision 1. Insurance accounts. Every credit union under the supervision...

Chapter 53 — Industrial Loan And Thrift Companies

Section 53.01 — Organization. - It is lawful for three or more persons, who desire...

Section 53.015 — Definitions. - Subdivision 1. Applicability. For the purposes of this chapter, the...

Section 53.02 — Capital. - No corporation shall be organized under this chapter or qualified...

Section 53.03 — Certificate. - Subdivision 1. Application, fee, notice. Any corporation hereafter organized as...

Section 53.04 — Special Powers. - Subdivision 1. Authorization. Industrial loan and thrift companies, in addition...

Section 53.05 — Powers, Limitation. - No industrial loan and thrift company may do any of...

Section 53.06 — Directors, Residence. - At least three-fourths of the directors of any industrial loan...

Section 53.07 — Reserve. - Subdivision 1. Liquidity requirement. An industrial loan and thrift company...

Section 53.08 — Dividends. - Subdivision 1. General conditions for dividends. When an industrial loan...

Section 53.09 — Oversight And Administration. - Subdivision 1. General examinations. The commissioner shall make examinations for...

Section 53.10 — Mandatory Insurance Of Accounts. - Subdivision 1. Requirement for existing companies. Not later than July...

Chapter 53A — Currency Exchanges

Section 53A.01 — Definitions. - Subdivision 1. Currency exchange. "Currency exchange" means any person, except...

Section 53A.02 — License. - Subdivision 1. Requirement. A person may not engage in the...

Section 53A.03 — Application For License; Fees. - (a) An application for a license must be in writing,...

Section 53A.04 — Approval Or Denial Of An Application. - (a) Within 30 days after the receipt of a complete...

Section 53A.05 — Change Of Name, Ownership, Or Location. - Subdivision 1. Name or location. If a licensee proposes to...

Section 53A.06 — Fine, Suspension, Or Revocation Of License. - (a) The commissioner may suspend or revoke any license under...

Section 53A.07 — Filing Of Fees; Unreasonable Fees. - Subdivision 1. Approval of fees. Fees charged at each location...

Section 53A.08 — Bond. - Before a license may be issued to a currency exchange,...

Section 53A.09 — Powers; Limitations; Prohibitions. - Subdivision 1. Deposits; escrow accounts. A currency exchange may not...

Section 53A.10 — Violations. - Any person, firm, association, partnership, or corporation that violates this...

Section 53A.11 — Books Of Account; Annual Report. - The licensee shall keep and use in the licensee's business...

Section 53A.12 — Rules. - The commissioner may adopt rules under chapter 14 as may...

Section 53A.13 — Fee Notice; False Advertising; Penalty. - Subdivision 1. Fee notice. The fees charged by currency exchanges...

Chapter 53B — Money Transmitters

Section 53B.01 — Citation. - This chapter may be cited as the "Minnesota Money Transmitters...

Section 53B.02 — License Required. - On or after January 1, 2002, no person except those...

Section 53B.03 — Definitions. - Subdivision 1. Scope. For purposes of this chapter, the definitions...

Section 53B.04 — Exemptions. - Authorized delegates of a licensee or of an exempt entity,...

Section 53B.05 — License Qualifications. - Subdivision 1. Net worth. Each licensee engaging in money transmission...

Section 53B.06 — Permissible Investments And Statutory Trust. - (a) Each licensee under this chapter must at all times...

Section 53B.07 — License Application. - Subdivision 1. Requirements. An application for a license under this...

Section 53B.08 — Bond Or Other Security Device. - Subdivision 1. Requirement. Each application must be accompanied by a...

Section 53B.09 — Application Fee. - Each application must be accompanied by a nonrefundable application fee...

Section 53B.10 — Issuance Of License. - Subdivision 1. Investigation. Upon the filing of a complete application,...

Section 53B.11 — Renewal Of License And Annual Report. - Subdivision 1. Fee. The annual fee for renewal of a...

Section 53B.12 — Extraordinary Reporting Requirements. - Within 15 days of the occurrence of any one of...

Section 53B.13 — Changes In Control Of A Licensee. - Any purchaser of ten percent or more of an ownership...

Section 53B.14 — Examinations. - The commissioner has under this chapter the same powers with...

Section 53B.15 — Maintenance Of Records. - Subdivision 1. Requirement. Each licensee shall make, keep, and preserve...

Section 53B.16 — Confidentiality Of Data Submitted To The Commissioner. - Data or other information obtained by the commissioner under this...

Section 53B.17 — Solvency Required. - If the commissioner determines that a licensee is insolvent, that...

Section 53B.18 — Prohibited Practices. - (a) No licensee shall: (1) fail to comply with chapter...

Section 53B.19 — Suspension Or Revocation Of Licenses. - After notice and hearing, the commissioner may suspend or revoke...

Section 53B.20 — Authorized Delegate Contracts. - Subdivision 1. Contents of contract. Licensees that conduct licensed activities...

Section 53B.21 — Authorized Delegate Conduct. - (a) An authorized delegate shall not make any fraudulent or...

Section 53B.22 — Licensee Liability. - A licensee's responsibility to any person for a money transmission...

Section 53B.23 — Hearings; Procedures. - The provisions of the Minnesota Administrative Procedure Act, chapter 14,...

Section 53B.24 — Enforcement. - Section 45.027 applies to this chapter. 2001 c 148 s...

Section 53B.25 — Rule Notices. - At the time the commissioner files a notice of proposed...

Section 53B.26 — Appointment Of Commissioner As Agent For Service Of Process. - Subdivision 1. Consent and appointment. Any licensee, authorized delegate, or...

Section 53B.27 — Money Transmitters; Cooperation Required In Combatting Fraud. - Subdivision 1. Fraud prevention measures required. Each money transmitter shall:...

Chapter 53C — Motor Vehicle Retail Installment Sales

Section 53C.01 — Motor Vehicle Retail Installment Sales; Definitions. - Subdivision 1. Scope. For the purposes of sections 53C.01 to...

Section 53C.02 — Sales Finance Company; License, Fees, Refund. - (a) No person shall engage in the business of a...

Section 53C.03 — Suspension Or Revocation Of Vehicle Sales Finance Company License; Appeal. - (a) A license may be suspended or revoked by the...

Section 53C.04 — Complaint Alleging Violation Of Vehicle Sale Installment Contract Laws. - Any retail buyer having reason to believe that sections 53C.01...

Section 53C.05 — Testimonial Powers Of Commissioner. - (a) The commissioner shall have power to issue subpoenas to...

Section 53C.06 — Vehicle Conditional Sales Installment Contract; Examination, Special Investigation, Cost Assessment. - (a) For the purpose of discovering violations of sections 53C.01...

Section 53C.07 — Vehicle Sales Finance Company Books Of Account, Annual Report. - (a) The licensee shall keep and use in the licensee's...

Section 53C.08 — Motor Vehicle Retail Installment Contract. - Subdivision 1. Terms and limitations. (a) Every retail installment contract...

Section 53C.083 — Consumer Report Disclosure. - (a) When a consumer report from a consumer reporting agency...

Section 53C.09 — Finance Charge On Installment Contract For Vehicle Or Manufactured Home. - Subdivision 1. Finance charge provisions, computation. (a) The finance charge...

Section 53C.10 — Vehicle Installment Contract Prepayment, Refund Credits, Allowance. - Subdivision 1. Prepayment in full. (a) Notwithstanding the provisions of...

Section 53C.11 — Extension Of Vehicle Installment Contract Schedules, Payments. - The holder of a precomputed retail installment contract may, upon...

Section 53C.12 — Vehicle Sales Finance Company Violations; Remedies. - Subdivision 1. Criminal violations. Any person engaged in the business...

Section 53C.13 — Severability Clause. - If any provision of sections 53C.01 to 53C.14 or the...

Section 53C.14 — Citation Of Act. - Sections 53C.01 to 53C.14 may be cited as the "Motor...

Chapter 54 — Investment And Loan Companies

Section 54.26 — Supervision By Commissioner. - Face amount certificate investment companies as defined by the Federal...

Section 54.27 — Commissioner's Examination Of Books And Accounts. - Subdivision 1. Compliance with federal standards. The commissioner, with reference...

Section 54.294 — Annual Examination; Informational Reports; Cost Of Examination. - Subdivision 1. Documents filed for examination. Notwithstanding the examination frequency...

Section 54.295 — Declaration Of Credit. - When the amount of any additional or other credit, which...

Section 54.296 — Rules. - The commissioner may promulgate such rules as are reasonably necessary...

Section 54.297 — Application For Receiver. - When in the judgment of the commissioner grounds for liquidation...

Chapter 55 — Safe Deposit Companies

Section 55.01 — Definitions. - Subdivision 1. Scope. Unless the language or context clearly indicates...

Section 55.02 — Powers. - Any safe deposit company which complies with the provisions of...

Section 55.03 — License Required. - Except as in this chapter otherwise provided, no person shall...

Section 55.04 — Licenses. - Subdivision 1. Place of business. The commissioner of commerce may...

Section 55.041 — Annual License Fee. - Every licensee shall, on or before the 20th day of...

Section 55.05 — Bonds. - Before a license is issued, the applicant shall execute and...

Section 55.06 — Business Not To Be Conducted Without License. - Subdivision 1. Prohibition. No person except a bank, a savings...

Section 55.07 — Deposits, How Kept; Accounts Kept. - Subdivision 1. Vault approved by commissioner. No person shall carry...

Section 55.08 — License Posted. - Immediately upon the receipt of the license issued by the...

Section 55.095 — Duties Of Commissioner Of Commerce. - Every safe deposit company is at all times under the...

Section 55.10 — Liability; Exemptions. - Subdivision 1. Permitting access, removal, or delivery. When a safe...

Section 55.11 — Not Charged With Notice Of Fiduciary Relation. - No such safe deposit company shall be obliged to ascertain...

Section 55.12 — Liability May Be Limited. - Any licensed safe deposit company may, in any lease or...

Section 55.15 — Application. - This chapter shall not be held or construed as limiting,...

Chapter 56 — Regulated Loans

Section 56.0001 — Citation. - Sections 56.001 to 56.26 may be cited as the "Minnesota...

Section 56.001 — Definitions. - Subdivision 1. Terms. When used in this chapter, the terms...

Section 56.002 — Application. - This chapter does not apply to a person doing business...

Section 56.01 — Necessity Of License. - (a) Except as authorized by this chapter and without first...

Section 56.02 — Application Fee. - (a) Application for license shall be in writing, under oath,...

Section 56.04 — Investigation; Issuance Of License; Denial; Refunds. - Upon the filing of the application and payment of these...

Section 56.05 — License; To Be Posted. - The license shall state the address at which the business...

Section 56.07 — Control Over Location. - Subdivision 1. General. Not more than one place of business...

Section 56.08 — Annual License Fee. - Every licensee shall, on or before the 20th day of...

Section 56.09 — Suspension Or Revocation Of License. - The commissioner shall, upon ten days' notice to the licensee...

Section 56.10 — General Oversight And Administration. - Subdivision 1. Examinations. For the purpose of discovering violations of...

Section 56.11 — Books Of Account; Annual Report. - The licensee shall keep and use in the licensee's business...

Section 56.12 — Advertising; Taking Of Security; Place Of Business. - No licensee shall advertise, print, display, publish, distribute, or broadcast,...

Section 56.125 — Open-end Loans. - Subdivision 1. Authorization. A licensee may make open-end loans under...

Section 56.131 — Maximum Rates And Charges. - Subdivision 1. Interest rates and charges. (a) On any loan...

Section 56.132 — Installment Sales Contracts. - A person may enter into a credit sale or service...

Section 56.14 — Duties Of Licensee. - Every licensee shall: (1) deliver to the borrower (or if...

Section 56.15 — Charges. - Subdivision 1. Limitation. No licensee shall directly or indirectly, charge,...

Section 56.155 — Insurance In Connection With Loan. - Subdivision 1. Authorization. Notwithstanding section 47.59 to the contrary, no...

Section 56.16 — Overages Deemed Interest. - The payment of money, credit, goods, or things in action,...

Section 56.17 — Limitation; Assignment Of Wages; Security Agreement. - No assignment of, or order for payment of, any salary,...

Section 56.18 — Unlicensed Persons Not To Make Loans. - No person, except as authorized in this chapter, shall, directly...

Section 56.19 — Violation. - Subdivision 1. Criminal penalty. Any person or the several members,...

Section 56.21 — Rules Of Commissioner. - The commissioner of commerce is hereby authorized and empowered to...

Section 56.22 — Modification Of Law Not To Affect Contracts. - This chapter, or any part thereof, may be modified, amended,...

Section 56.23 — Appeals. - Any applicant or licensee may appeal from any decision or...

Section 56.24 — Existing Contracts Valid. - Nothing herein contained shall be so construed as to impair...

Section 56.25 — Licensee To Be Responsible. - The licensee hereunder shall, at all times, be beholden and...

Section 56.26 — Continuation Of Licensing. - All persons licensed under the provisions of this chapter on...

Chapter 58 — Mortgage Originator And Servicer Licensing

Section 58.01 — Citation. - This chapter shall be cited as the "Minnesota Residential Mortgage...

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Minnesota Statutes Chapters 46 - 59 — Banking

Minnesota Statutes
Chapters 46 - 59 — Banking