Minnesota § 301.84 OBLIGATIONS ARE LEGAL INVESTMENTS FOR MEMBERS

Minnesota Statutes

§ 301.84 — OBLIGATIONS ARE LEGAL INVESTMENTS FOR MEMBERS

Minnesota § 301.84

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 301DEVELOPMENT CORPORATIONS

This text of Minnesota § 301.84 (OBLIGATIONS ARE LEGAL INVESTMENTS FOR MEMBERS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 301.84 (2026).

Text

Notwithstanding any other statute, the notes or other interest-bearing obligations of any corporation organized under sections301.71to301.84, issued in accordance with sections301.71to301.84and the articles of incorporation and the bylaws of the corporation shall be legal investments for any banks, savings banks, savings associations, trust companies, stock or mutual insurance companies or other financial institutions which become members of the corporation.

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Notwithstanding any other statute, the notes or other interest-bearing obligations of any corporation organized under sections301.71to301.84, issued in accordance with sections301.71to301.84and the articles of incorporation and the bylaws of the corporation shall be legal investments for any banks, savings banks, savings associations, trust companies, stock or mutual insurance companies or other financial institutions which become members of the corporation.