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Can you summarize MNST 48.27?
BANKS > LIMITATION ON AMOUNT OF DEPOSITS.
Short Summary
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. History: (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
Jurisdiction
Minnesota