Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2675 - FINANCIAL INSTITUTIONS
BANKING PROCEDURES
Part 2675.2220 - ADDITIONAL COMMON STOCK SALES
Universal Citation: MN Rules 2675.2220
Current through Register Vol. 49, No. 13, September 23, 2024
Any bank which increases its common capital account by means of the sale of additional common stock need not carry such funds in any other bank but may carry them on its own books among demand liabilities and furnishing appropriate certificate to the commissioner as to the total paid in.
Statutory Authority: MS s 46.01
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