Minnesota Statutes
Chapters 46 - 59 — Banking
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...