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Statutes > Minnesota Laws > Chapters 46 - 59 Banking > Chapter 47 Financial Corporations > Section 47.0156 Closing Effecting a Permanent Cessation of Business

STATE STATUTES & CODES

MINNESOTA STATUTES AND CODES

Section 47.0156 Closing Effecting a Permanent Cessation of Business

47.0156 CLOSING EFFECTING A PERMANENT CESSATION OF BUSINESS.

The permanent closing of a financial institution as defined in section 47.015 or 47.0151 for purposes, or with a result, other than authorized in sections 47.015 to 47.0155 is unlawful unless at least 60 days' written notice is given to the commissioner.

History:

1Sp1985 c 13 s 181; 1993 c 257 s 6; 1999 c 151 s 6

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