Minnesota Statutes
§ 53.06 — DIRECTORS, RESIDENCE
Minnesota § 53.06
This text of Minnesota § 53.06 (DIRECTORS, RESIDENCE) 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. § 53.06 (2026).
Text
At least three-fourths of the directors of any industrial loan and thrift company holding a certificate that includes the right to issue thrift certificates for investment must be residents of Minnesota.
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Legislative History
(7774-30)1933 c 246 s 6;1943 c 67 s 3;1947 c 20 s 4;1971 c 442 s 6;1980 c 503 s 1;1983 c 250 s 25;1989 c 166 s 22;1989 c 341 art 2 s 3
Nearby Sections
11
§ 53.01
ORGANIZATION§ 53.015
DEFINITIONS§ 53.02
CAPITAL§ 53.03
CERTIFICATE§ 53.04
SPECIAL POWERS§ 53.05
POWERS, LIMITATION§ 53.06
DIRECTORS, RESIDENCE§ 53.07
RESERVE§ 53.08
DIVIDENDS§ 53.09
OVERSIGHT AND ADMINISTRATIONCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 53.06, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/53/53.06.