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MINNESOTA STATUTES AND CODES
Section 332.345 Segregated Accounts
332.345 SEGREGATED ACCOUNTS.
A payment collected by a collector or collection agency on behalf of a customer shall be held by the collector or collection agency in a separate trust account clearly designated for customer funds. The account must be in a bank or other depository institution authorized or chartered under the laws of any state or of the United States.
History:
2008 c 344 s 55
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