Minnesota Statutes
Chapter 46 — General Banking Powers
Section 46.34 — Certain Securities Deposited With The Commissioner Of Management And Budget.

All securities required or permitted by law to be assigned to and deposited with the commissioner of commerce for any purpose must, after June 2, 1987, be assigned to and deposited with the commissioner of management and budget, who shall give a receipt therefor. This receipt must be filed with the commissioner, in lieu of the securities, and in this case neither the commissioner nor the commissioner's bonding agents are responsible for the safekeeping of these securities. The commissioner of management and budget shall perform all the duties with regard to the safekeeping of these securities which the commissioner is now required to perform. The commissioner of management and budget is subject to the same obligations and under the same liability, with reference to the safekeeping of these securities, as the commissioner. The commissioner of management and budget shall accept, release, surrender, and permit substitutions of securities assigned to and deposited with the commissioner of management and budget under the provisions of Laws 1923, chapter 155, upon order of the commissioner.
1987 c 349 art 1 s 4; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109

Structure Minnesota Statutes

Minnesota Statutes

Chapters 46 - 59 — Banking

Chapter 46 — General Banking Powers

Section 46.01 — Powers.

Section 46.04 — Regulatory Authority Of Commissioner.

Section 46.041 — Bank Applications.

Section 46.042 — Notice And Hearing, When Not Given.

Section 46.044 — Bank Charters.

Section 46.045 — Mandatory Insurance Of Accounts.

Section 46.046 — Definitions.

Section 46.048 — Notice Of Proposed Acquisition.

Section 46.05 — Supervision Over Financial Institutions.

Section 46.06 — Refusal To Obey Directions Of Commissioner.

Section 46.07 — Records.

Section 46.08 — Employees.

Section 46.09 — Department Of Commerce Examiners Or Employees Not To Maintain Interest In Supervised Institutions.

Section 46.10 — Penalty For Violation.

Section 46.11 — Examiners' Districts.

Section 46.12 — Reports Of Examiners.

Section 46.131 — Assessments And Fees For Financial Institutions.

Section 46.14 — Examiners' Powers Enlarged.

Section 46.17 — Salary Of Examiner In Charge Of Liquidation.

Section 46.21 — Destruction Of Certain Records.

Section 46.23 — Unsafe Practices; Definitions.

Section 46.24 — Cease And Desist Proceedings; Injunctive Relief.

Section 46.26 — Violations By Directors, Trustees, Or Officers.

Section 46.29 — Board Of Directors Or Trustees, Lack Of Quorum, Temporary Directors Or Trustees.

Section 46.30 — Hearings, Decision; Review, Modification, Termination Or Stay Of Orders.

Section 46.31 — Enforcement Of Notices Or Orders.

Section 46.32 — Violation Of Notice Or Final Order; Criminal Penalty.

Section 46.33 — Manner Of Service; Copies To Federal Authorities; Cease And Desist Orders.

Section 46.34 — Certain Securities Deposited With The Commissioner Of Management And Budget.

Section 46.35 — Interpretations.