Required Savings Account.

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A federal or state chartered financial institution, including, but not limited to, a bank, savings association, savings bank, or credit union, shall offer to a Minnesota resident a savings account to promote thrift that has no service charge or fee, if such an account has an average monthly balance of more than $50.

History:

1987 c 161 s 2; 1995 c 202 art 1 s 25


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