Minn. R. agency 120, ch. 2675, BANKING PROCEDURES, pt. 2675.2130
Current through Register Vol. 49, No. 25, December 16, 2024
Purchases capitalized in this account shall be amortized as required by generally accepted accounting principles, or a greater amount as may be approved in writing by the commissioner. Furniture and fixtures, personal property, automobiles, and equipment used in the conduct of banking business may be acquired by purchase or lease without obtaining prior approval of the commissioner unless the seller or lessor has an existing direct or indirect interest in the management or ownership of the acquiring bank.
Minn. R. agency 120, ch. 2675, BANKING PROCEDURES, pt. 2675.2130
Statutory Authority: MS s 46.01