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Home » US Law » 2022 Minnesota Statutes » Chapters 46 - 59 — Banking » Chapter 48 — Banks » GENERAL POWERS AND DUTIES » Section 48.20 — Unauthorized Pledges, Notes, Liens Void.
48.20 UNAUTHORIZED PLEDGES, NOTES, LIENS VOID.

Any note, endorsement, guaranty, pledge, hypothecation, lien or other obligation given contrary to the provisions of sections 48.16 to 48.18 shall be null and void.

History:

(7699-18) 1927 c 257 s 5