{"data":{"id":"us-mn/minn.-stat.-51a.16","jurisdiction":"us-mn","citation":"Minn. Stat. § 51A.16","heading":"DEPOSITORIES.","body":"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.","path":["BANKING","CHAPTER 51A. SAVINGS ASSOCIATIONS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/51A.16","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:27Z","sha256":"51bedb0178156418471f36130cbec3968aea90c2245f7ad7b635c3cc4ffa3505","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-51a.15","next":"us-mn/minn.-stat.-51a.17"},"notice":"GroundRules: Original legal text. Not legal advice."}