Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2675 - FINANCIAL INSTITUTIONS
INVESTMENTS
Part 2675.1120 - SECURITIES UNDER TRUST AGREEMENT
Universal Citation: MN Rules 2675.1120
Current through Register Vol. 49, No. 13, September 23, 2024
Where the security is issued under a trust agreement, the agreement must provide for a trustee independent of the obligor, and such trustee must be a bank or trust company.
Statutory Authority: MS s 46.01
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