Minnesota Statutes § 458D.16 - DEPOSITORIES
The board must choose official depositories for its money and direct the treasurer to deposit funds there. The designation must be written, signed by the chair and treasurer, recorded in the minutes, and qualifying banks or trust companies must provide required bond or collateral unless the deposit is federally insured
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- Jurisdiction
- United States — Minnesota
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- Act or statute
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- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.
Statute overview
About this statute
The board must choose official depositories for its money and direct the treasurer to deposit funds there. The designation must be written, signed by the chair and treasurer, recorded in the minutes, and qualifying banks or trust companies must provide required bond or collateral unless the deposit is federally insured.
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Minnesota Statutes § 458D.16 - DEPOSITORIES
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