If the town board fails to act, as provided in section 366.01, subdivision 4, within 30 days after the annual town meeting, the treasurer shall select a depository for town funds and deposit them in the name of the town, obtaining security as provided in section 366.01, subdivision 4.
(1049-2) 1931 c 216 s 2; 1933 c 62 s 2; 1957 c 367 s 4; 1959 c 289 s 2; 1984 c 562 s 26; 1989 c 197 art 7 s 1
Structure Minnesota Statutes
Chapter 366 — Town Board; Powers
Section 366.01 — Town Board Powers Listed; Formal Name.
Section 366.011 — Charges For Emergency Services; Collection.
Section 366.012 — Collection Of Unpaid Service Charges.
Section 366.015 — Vote Required On Weed Destruction.
Section 366.016 — Vote Required On Snow And Ice Removal.
Section 366.03 — Repair Statutory City Streets.
Section 366.04 — Transfer Surplus Funds.
Section 366.05 — Prosecute Bonds, Penalties, And Forfeitures.
Section 366.07 — Treasurer May Select Depository.
Section 366.08 — Treasurer Not Liable, When.
Section 366.09 — Interest On Funds.
Section 366.095 — Authority To Issue Certificates Of Indebtedness.
Section 366.183 — Authority Under Chapter 462.