Minnesota Statutes
Chapter 51A — Savings Associations
Section 51A.16 — Depositories.

No association shall deposit any of its funds except with a depositary approved by a vote of a majority of the directors authorized of the association, any director who is an officer, partner, director, or trustee of the depository so designated taking no part in such vote.
1969 c 490 s 16; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 1998 c 260 s 1

Structure Minnesota Statutes

Minnesota Statutes

Chapters 46 - 59 — Banking

Chapter 51A — Savings Associations

Section 51A.01 — Citation.

Section 51A.02 — Definitions.

Section 51A.03 — Incorporation.

Section 51A.04 — Organization Of Mutual Associations.

Section 51A.041 — Organization Of Capital Stock Associations.

Section 51A.05 — Name; Office.

Section 51A.06 — Conversion.

Section 51A.065 — Mutual And Capital Stock Conversions.

Section 51A.07 — Power To Reorganize, Merge, Or Consolidate.

Section 51A.08 — Dissolution.

Section 51A.09 — Meetings Of Members Of Mutual Associations.

Section 51A.10 — Membership Charges Prohibited.

Section 51A.11 — Access To Books And Records; Communication With Members Or Stockholders.

Section 51A.12 — Financial Statement; Mutual Associations.

Section 51A.13 — Directors Of Mutual Associations.

Section 51A.131 — Directors Of Capital Stock Associations.

Section 51A.14 — Indemnity Bonds.

Section 51A.15 — Transactions Of Officers And Directors.

Section 51A.16 — Depositories.

Section 51A.17 — Indemnification Of Officers, Directors And Employees.

Section 51A.19 — Records.

Section 51A.20 — Reserve Accounts; Surplus And Undivided Profits.

Section 51A.21 — Powers Of Association.

Section 51A.22 — Savings Liability.

Section 51A.23 — Savings Account.

Section 51A.24 — Contracts For School Savings Programs.

Section 51A.251 — Married Persons And Minors.

Section 51A.261 — Deposits In Name Of Minor.

Section 51A.262 — Multiparty Accounts.

Section 51A.27 — Pledge To Association Of Savings Accounts In Joint Tenancy.

Section 51A.28 — Accounts Of Administrators, Executors, Guardians, Custodians, Trustees, And Other Fiduciaries.

Section 51A.29 — Accounts Of Incompetents.

Section 51A.30 — Accounts Of Deceased Nonresidents.

Section 51A.31 — Savings Accounts As Legal Investments.

Section 51A.32 — Earnings.

Section 51A.33 — Withdrawal.

Section 51A.34 — Redemption.

Section 51A.35 — Investment In Securities.

Section 51A.361 — Reserves.

Section 51A.37 — Investment In Loans.

Section 51A.38 — Loan Plans.

Section 51A.386 — Terms And Conditions Of Loans, Contracts, And Extensions Of Credit.

Section 51A.40 — Dealing With Successors In Interest.

Section 51A.41 — Right To Act To Avoid Loss.

Section 51A.42 — Savings Associations.

Section 51A.43 — Supervisory Power Of Commissioner.

Section 51A.44 — Reports And Examinations.

Section 51A.45 — Enforcement And Conservatorship.

Section 51A.46 — Receivership.

Section 51A.47 — Correction Of Wrongdoings By Unimpaired Institution.

Section 51A.48 — Right To Declaratory Judgment.

Section 51A.50 — Federal Associations.

Section 51A.51 — Fees.

Section 51A.52 — Directors, Employees, Members, And Stockholders Of Association May Acknowledge Instruments To Which It Is A Party.

Section 51A.53 — Powers Of Federal Associations; Approval.

Section 51A.54 — Insolvent Associations Liquidated.

Section 51A.55 — Conformity.

Section 51A.56 — Act Controlling.

Section 51A.57 — Separability.

Section 51A.58 — Interstate Branching.