Section 51A.47 — Correction Of Wrongdoings By Unimpaired Institution.
51A.47 CORRECTION OF WRONGDOINGS BY UNIMPAIRED INSTITUTION. No conservator or receiver shall be appointed, or private property seized, with respect to an association which is not in an impaired condition if the alleged wrongdoing can be otherwise corrected as provided in sections 51A.01 to 51A.57 or otherwise as provided by law. History: 1969 c 490 […]
Section 51A.48 — Right To Declaratory Judgment.
51A.48 RIGHT TO DECLARATORY JUDGMENT. At any time after any controversy has arisen between the commissioner and an association with respect to any question of law or rule or with respect to any question involving immeasurable or irreparable damage to the association, and prior to an administrative or judicial hearing, the association or the commissioner […]
Section 51A.50 — Federal Associations.
51A.50 FEDERAL ASSOCIATIONS. The following sections apply to federal associations, except to the extent they are inconsistent with federal law or regulations: sections 47.59; 51A.01; 51A.02; 51A.065; 51A.15, subdivision 6; 51A.21, subdivisions 6a, 15, 16, 22, 25, 27, and 28; 51A.23, subdivision 1; 51A.24; 51A.251; 51A.261; 51A.262; 51A.27; 51A.28; 51A.29; 51A.30; 51A.31; 51A.37, subdivisions 1, […]
Section 51A.51 — Fees.
51A.51 FEES. Subdivision 1. Fees to be paid to commissioner of management and budget. An association shall pay fees by delivering to the commissioner a check payable to the commissioner of management and budget. Subd. 2. Incorporation fee. At the time of filing the application for a certificate of incorporation, the incorporators shall pay a […]
Section 51A.52 — Directors, Employees, Members, And Stockholders Of Association May Acknowledge Instruments To Which It Is A Party.
51A.52 DIRECTORS, EMPLOYEES, MEMBERS, AND STOCKHOLDERS OF ASSOCIATION MAY ACKNOWLEDGE INSTRUMENTS TO WHICH IT IS A PARTY. No public officer qualified to take acknowledgments or proofs of written instruments shall be disqualified from taking the acknowledgment or proof of any instrument in writing in which an association is interested by reason of membership in, stockholder […]
Section 51A.53 — Powers Of Federal Associations; Approval.
51A.53 POWERS OF FEDERAL ASSOCIATIONS; APPROVAL. Subject to the approval of the commissioner, any savings association organized under sections 51A.01 to 51A.58 is vested with all powers conferred upon a federal association organized under the laws and regulations of the United States or its agencies, as amended, as fully and completely as if the powers […]
Section 51A.54 — Insolvent Associations Liquidated.
51A.54 INSOLVENT ASSOCIATIONS LIQUIDATED. Insolvent associations shall be liquidated under and pursuant to the statutes relating to the liquidation of insolvent banks. History: 1969 c 490 s 54; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 1998 c 260 s 1
Section 51A.55 — Conformity.
51A.55 CONFORMITY. Subdivision 1. Thrift and home financing organizations. All persons accepting moneys from the public and engaged in home financing, whether or not incorporated, and every corporation heretofore incorporated under the statutes of this state which has for its purpose the promotion of thrift and the financing of homes, except those regulated under other […]
Section 51A.56 — Act Controlling.
51A.56 ACT CONTROLLING. Insofar as the provisions of sections 51A.01 to 51A.58 are inconsistent with the provisions of any other law affecting associations, the provisions of sections 51A.01 to 51A.58 shall control. History: 1969 c 490 s 56; 1988 c 666 s 73; 1989 c 217 s 17; 1996 c 414 art 1 s 44; […]
Section 51A.57 — Separability.
51A.57 SEPARABILITY. If any provision, clause, or phrase of sections 51A.01 to 51A.58 or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of sections 51A.01 to 51A.58 which can be given effect without the invalid provisions or application, and to this end the […]