Every bank or banker, before being designated as a depository, shall deposit with the county treasurer a bond, to be approved by the county board, in at least double the amount to be deposited, payable to such county, and signed by not less than five resident landowners as sureties; who shall, in the aggregate, qualify for the full penalty named in such bond. Any county in which there is no such bank or banker may be exempt from the foregoing provisions which relate to depositing its funds, if in the judgment of the county board such deposit would be detrimental to its interests. In cases where the bond furnished by the depository is that of a surety company authorized to do business in this state, the amount of such bond need not be more than the amount to be deposited in such depository.
(848) RL s 502; 1909 c 124 s 1; 1967 c 409 s 5; 2004 c 228 art 2 s 15
Structure Minnesota Statutes
Chapters 370 - 403 — Counties, County Officers, Regional Authorities
Chapter 385 — County Treasurer
Section 385.01 — Election; Eligibility.
Section 385.02 — Deputies; Bonds, Except For Ramsey County.
Section 385.03 — Failure To Qualify.
Section 385.04 — Accurate Account Kept.
Section 385.05 — Receipt And Payment Of Money.
Section 385.06 — Accounts Audited.
Section 385.07 — Funds, Where Deposited Or Invested.
Section 385.071 — Electronic Funds Transfer.
Section 385.09 — Bonds Of Depositories.
Section 385.10 — Proposals By Banks.
Section 385.12 — Deposit In Official Capacity; Failure.
Section 385.13 — Public Funds Kept Separate.
Section 385.14 — Insurance, Loss By Robbery Or Burglary.
Section 385.18 — Exemption From Liability.
Section 385.19 — Accounts Exhibited.
Section 385.20 — Failure To Settle.
Section 385.21 — Action Against.
Section 385.23 — Money Collected.
Section 385.24 — Refusal To Execute Process.
Section 385.25 — Proceedings Against Deputy.
Section 385.26 — New Bond; Insolvency Of Surety.
Section 385.27 — Failure To Give Bond.
Section 385.28 — Purchase Of Orders Or Warrants At Discount Prohibited.
Section 385.29 — Lending Of County Funds Prohibited; Penalty.
Section 385.30 — To Prosecute Bonds.
Section 385.31 — Payment Of County Orders Or Warrants.
Section 385.32 — Temporary Fund Transfer To Save Interest On Warrants.
Section 385.33 — Laws Not Repealed.
Section 385.34 — To Deposit Orders; Auditor's Duty.
Section 385.373 — Salaries, Fees, Budget; Counties Under 75,000; Appeals.
Section 385.38 — Employees, Pay In Certain Counties; Fees.
Section 385.39 — Money And Books Delivered To Successor.