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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 48.05: CAPITAL NOT TO BE WITHDRAWN; DIVIDENDS.

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Where this section sits in the code
  1. BANKING
  2. CHAPTER 48. BANKS
  3. ORGANIZATIONAL REGULATION

No portion of the capital or surplus of any banking institution shall ever be withdrawn by any person or in any way, either in dividends or otherwise, except upon reduction as provided by law. No dividend on common stock shall be made except as provided in section 48.09.

Collected 2026-09-02T22:10:27Z. Source file · JSON

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