{"data":{"id":"us-mn/minn.-stat.-48a.06","jurisdiction":"us-mn","citation":"Minn. Stat. § 48A.06","heading":"PROHIBITED DEALINGS AND INDEBTEDNESS.","body":"(a) A trust company shall not engage in banking, mercantile, manufacturing, or other business, unless this business is expressly authorized in this chapter.\n(b) A trust company shall not lend its funds, money, capital, trust funds, or other property to a director, officer, agent, or employee.\n(c) A director, officer, agent, or employee of a trust company shall not become indebted to it by means of an overdraft, promissory note, account, endorsement, guaranty, or any other contract. A director, officer, agent, or employee who violates this paragraph is guilty of theft of the amount of the indebtedness from the time of its creation.","path":["BANKING","CHAPTER 48A. TRUST COMPANIES","ORGANIZATION AND CHARTER"],"source_url":"https://www.revisor.mn.gov/statutes/cite/48A.06","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:27Z","sha256":"347b573464e457aeb66f4a99cb48446c405d6e27719a50f296f09607f6272b20","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-48a.05","next":"us-mn/minn.-stat.-48a.07"},"notice":"GroundRules: Original legal text. Not legal advice."}