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

LIMITATION ON AMOUNT OF DEPOSITS.

Minn. Stat. § 48.27
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
48.27. LIMITATION ON AMOUNT OF DEPOSITS. No bank or trust company organized under the laws of this state shall accept deposits in a sum exceeding 30 times the amount of its capital stock and its actual surplus. (7699-12) 1927 c 325 s 1; 1943 c 342 s 2; 1945 c 73 s 1; 1947 c 11 s 1; 1949 c 24 s 1; 1959 c 88 s 11
Source: Minnesota Office of the Revisor of Statutes (revisor.mn.gov)URL: https://www.revisor.mn.gov/statutes/cite/48.27Fetched: 10/19/2026

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