Minnesota Statutes
§ 48.23 — BANK NOT TO LEND ON ITS OWN STOCK OR PURCHASE SAME
Minnesota § 48.23
This text of Minnesota § 48.23 (BANK NOT TO LEND ON ITS OWN STOCK OR PURCHASE SAME) 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. § 48.23 (2026).
Text
Any such bank shall make no loan or discount on the security of its own capital stock, nor be the purchaser or holder thereof, unless necessary to prevent loss upon a debt previously contracted in good faith, and all stock so acquired shall be disposed of, at public or private sale, within six months after it is so acquired.
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Legislative History
(7676)RL s 2992
Nearby Sections
15
§ 48.01
DEFINITIONS§ 48.03
SHARES§ 48.032
PREEMPTIVE RIGHTS§ 48.056
REVERSE STOCK SPLIT§ 48.06
BOARD OF DIRECTORS§ 48.09
DIVIDENDS; SURPLUS§ 48.11
CONTRACTS, HOW MADECite This Page — Counsel Stack
Bluebook (online)
Minnesota § 48.23, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/48/48.23.