Minn. Stat. § 366.07: TREASURER MAY SELECT DEPOSITORY.
Where this section sits in the code
- TOWNS
- CHAPTER 366. TOWN BOARD; POWERS
- TOWN BOARD
If the town board fails to act, as provided in section 366.01, subdivision 4, within 30 days after the annual town meeting, the treasurer shall select a depository for town funds and deposit them in the name of the town, obtaining security as provided in section 366.01, subdivision 4.
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