Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2675 - FINANCIAL INSTITUTIONS
BANKING PROCEDURES
Part 2675.2140 - LEASEHOLD INVESTMENT AMORTIZATION
Universal Citation: MN Rules 2675.2140
Current through Register Vol. 49, No. 13, September 23, 2024
Leasehold investments shall be amortized as required by generally accepted accounting principles. Leasehold investments receiving prior approval pursuant to Minnesota Statutes, section 47.10, subdivision 3, are subject to further prior approval of renegotiated and amended terms. If there is an optional clause in such lease for an additional period to be covered thereby, this shall serve to extend the amortization period to such extent.
Statutory Authority: MS s 46.01
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