Minnesota Statutes
§ 458D.16 — DEPOSITORIES
Minnesota § 458D.16
JurisdictionMinnesota
PartLOCAL PUBLIC UTILITIES, ENTERPRISES
Ch. 458DWESTERN LAKE SUPERIOR SANITARY DISTRICT
This text of Minnesota § 458D.16 (DEPOSITORIES) 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. § 458D.16 (2026).
Text
The board shall from time to time designate one or more national or state banks, or trust companies authorized to do a banking business, as official depositories for money of the board, and thereupon shall require the treasurer to deposit all or a part of such money in such institutions. Such designation shall be in writing and shall set forth all the terms and conditions upon which the deposits are made, and shall be signed by the chair and treasurer, and made a part of the minutes of the board. Any bank or trust company so designated shall qualify as a depository by furnishing a corporate surety bond or collateral in the amounts required by section118A.03. However, no bond or collateral shall be required to secure any deposit insofar as it is insured under federal law.
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Legislative History
1971 c 478 s 15;1996 c 399 art 2 s 12
Nearby Sections
15
§ 458D.01
PURPOSE AND POLICY§ 458D.02
DEFINITIONS§ 458D.03
SANITARY BOARD§ 458D.04
ORGANIZATION AND OPERATION OF BOARD§ 458D.05
COMPREHENSIVE PLAN§ 458D.06
SEWER SERVICE FUNCTION§ 458D.07
SEWAGE COLLECTION AND DISPOSAL§ 458D.08
BUDGET§ 458D.09
ALLOCATION OF COSTS§ 458D.10
COSTS OF SOLID WASTE DISPOSAL§ 458D.11
GOVERNMENT PAYMENTS§ 458D.145
APPLICABLE ELECTED REPRESENTATIVECite This Page — Counsel Stack
Bluebook (online)
Minnesota § 458D.16, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/458D/458D.16.