Minnesota § 49.46 STATE BANK, RETENTION OF ASSETS

Minnesota Statutes

§ 49.46 — STATE BANK, RETENTION OF ASSETS

Minnesota § 49.46

PartBANKING

Ch. 49LIQUIDATION, CONSOLIDATION, MERGER

This text of Minnesota § 49.46 (STATE BANK, RETENTION OF ASSETS) 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. § 49.46 (2026).

Text

The commissioner of commerce, subject to such conditions as the commissioner may prescribe, may permit a state bank resulting from a conversion, merger or consolidation of a national banking association to retain and carry at a valuation determined by the commissioner, such of the assets of such national banking association as do not conform to the legal requirements relative to assets acquired and held by state banks.

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The commissioner of commerce, subject to such conditions as the commissioner may prescribe, may permit a state bank resulting from a conversion, merger or consolidation of a national banking association to retain and carry at a valuation determined by the commissioner, such of the assets of such national banking association as do not conform to the legal requirements relative to assets acquired and held by state banks.