Minnesota § 48.63 SECURITY FOR DEPOSITS NOT REQUIRED

Minnesota Statutes

§ 48.63 — SECURITY FOR DEPOSITS NOT REQUIRED

Minnesota § 48.63

PartBANKING

Ch. 48BANKS

This text of Minnesota § 48.63 (SECURITY FOR DEPOSITS NOT REQUIRED) 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. § 48.63 (2026).

Text

Notwithstanding any provisions of law of this state requiring security for deposits in any bank or trust company in the form of collateral, surety bond or any other form, security for such deposits shall not be required to the extent the deposits are insured under the provisions of section 12B of the Federal Reserve Act, as amended (Mason's United States Code Annotated, title 12, section 264), or any amendments thereto.

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Notwithstanding any provisions of law of this state requiring security for deposits in any bank or trust company in the form of collateral, surety bond or any other form, security for such deposits shall not be required to the extent the deposits are insured under the provisions of section 12B of the Federal Reserve Act, as amended (Mason's United States Code Annotated, title 12, section 264), or any amendments thereto.