For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

DEPOSITORIES.

Minn. Stat. § 51A.16
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
51A.16. DEPOSITORIES. No association shall deposit any of its funds except with a depositary approved by a vote of a majority of the directors authorized of the association, any director who is an officer, partner, director, or trustee of the depository so designated taking no part in such vote. 1969 c 490 s 16; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 1998 c 260 s 1
Source: Minnesota Office of the Revisor of Statutes (revisor.mn.gov)URL: https://www.revisor.mn.gov/statutes/cite/51A.16Fetched: 10/19/2026

Starting a business in Minnesota? Minnesota LLC guide: costs and requirements