Minnesota Statutes
§ 51A.41 — RIGHT TO ACT TO AVOID LOSS
Minnesota § 51A.41
This text of Minnesota § 51A.41 (RIGHT TO ACT TO AVOID LOSS) 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. § 51A.41 (2026).
Text
Nothing in sections51A.01to51A.57or the statute law of the state shall be construed as denying to an association the right to invest its funds, operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on a loan or investment theretofore made or an obligation created in good faith.
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Legislative History
1969 c 490 s 41;1996 c 414 art 1 s 44;1997 c 157 s 67;1998 c 260 s 1
Nearby Sections
15
§ 51A.01
CITATION§ 51A.02
DEFINITIONS§ 51A.03
INCORPORATION§ 51A.05
NAME; OFFICE§ 51A.06
CONVERSION§ 51A.065
MUTUAL AND CAPITAL STOCK CONVERSIONS§ 51A.08
DISSOLUTION§ 51A.10
MEMBERSHIP CHARGES PROHIBITED§ 51A.13
DIRECTORS OF MUTUAL ASSOCIATIONSCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 51A.41, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/51A/51A.41.