Minnesota § 427.07 WITHDRAWAL OF FUNDS

Minnesota Statutes

§ 427.07 — WITHDRAWAL OF FUNDS

Minnesota § 427.07

PartMUNICIPAL FINANCE, TAXATION, SPECIAL ASSESSMENTS

Ch. 427DEPOSITORIES, CITY AND STATUTORY CITY FUNDS

This text of Minnesota § 427.07 (WITHDRAWAL OF FUNDS) 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. § 427.07 (2026).

Text

The treasurer of any city, who has city funds deposited in accordance with sections427.02to427.07, shall, when notified so to do by the sureties on the treasurer's official bond or by the council of the city, withdraw all funds from any designated depository and it shall be the duty of the city comptroller or other recording officer of such city to countersign all checks for such withdrawal. The city treasurer shall thereupon, upon such withdrawal, notify the council of the city thereof and thenceforth the city treasurer shall deposit no more funds in the depository until authorized so to do by the council of the city. Upon this withdrawal, it shall be the duty of the council of the city to proceed forthwith to redesignate, in accordance with the provisions of sections427.02to427.07.

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The treasurer of any city, who has city funds deposited in accordance with sections427.02to427.07, shall, when notified so to do by the sureties on the treasurer's official bond or by the council of the city, withdraw all funds from any designated depository and it shall be the duty of the city comptroller or other recording officer of such city to countersign all checks for such withdrawal. The city treasurer shall thereupon, upon such withdrawal, notify the council of the city thereof and thenceforth the city treasurer shall deposit no more funds in the depository until authorized so to do by the council of the city. Upon this withdrawal, it shall be the duty of the council of the city to proceed forthwith to redesignate, in accordance with the provisions of sections427.02to427.07.