Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2675 - FINANCIAL INSTITUTIONS
INVESTMENTS
Part 2675.1140 - HOLDING BONDS ON PAR OR FACE VALUE

Universal Citation: MN Rules 2675.1140
Current through Register Vol. 49, No. 13, September 23, 2024

The statutory limitation on the amount of the eligible securities of any one obligor or maker which may be held by the bank, not otherwise exempted by Minnesota Statutes, section 48.24, subdivision 6, is to be determined on the basis of the par or face value of the securities, and not on their book value.

Statutory Authority: MS s 46.01

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