§ 49.01 Definitions
§ 49.013 Insolvent Financial Institutions; Assignment Prohibited
§ 49.02 Assessments On Stock; Stock Unpaid or Capital Impaired
§ 49.04 Involuntary Liquidation of Financial Institutions
§ 49.05 Powers and Duties of Commissioner On Liquidation
§ 49.06 Consolidation During Liquidation
§ 49.07 Reorganization During Liquidation
§ 49.17 Assessments Against Stockholders; Orders For
§ 49.18 Review of Orders of Commissioner
§ 49.19 Defenses by Stockholders
§ 49.20 Remedy Exclusive
§ 49.215 Voluntary Liquidations
§ 49.24 Procedure in Liquidation
§ 49.30 Committee to Complete Liquidation
§ 49.31 Committee to Furnish Bonds
§ 49.32 Discharge of Commissioner as Statutory Liquidator
§ 49.33 Consolidation and Merger, When Authorized
§ 49.34 Consolidation or Merger of State Banks or Trust Companies, Procedure
§ 49.35 Consolidation or Merger Agreement
§ 49.36 Approval by Commissioner
§ 49.37 Stockholders to Approve; Certificate of Consolidation or Merger
§ 49.38 Corporate Existence Merged; Rights, Powers, Obligations
§ 49.39 Consolidation or Merger of Banks and Trust Companies
§ 49.40 Pending Actions or Proceedings Not Affected
§ 49.41 Rights of Dissenting Shareholders
§ 49.411 Interstate Bank Mergers Affecting Interstate Branching
§ 49.42 State Bank
§ 49.43 State Bank; Conversion, Merger, Consolidation; National Banking Association
§ 49.44 National Banking Association; Conversion, Merger, Consolidation; State Bank
§ 49.45 Merger or Consolidation
§ 49.46 State Bank, Retention of Assets
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Terms Used In Minnesota Statutes > Chapter 49 - Liquidation, Consolidation, Merger

  • Adult: means an individual 18 years of age or older. See Minnesota Statutes 645.451
  • Appraisal: A determination of property value.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Bequest: Property gifted by will.
  • Community Reinvestment Act: The Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977. Source: OCC
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Grantor: The person who establishes a trust and places property into it.
  • Legacy: A gift of property made by will.
  • Majority: means with respect to an individual the period of time after the individual reaches the age of 18. See Minnesota Statutes 645.451
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Oath: A promise to tell the truth.
  • Oath: includes "affirmation" in all cases where by law an affirmation may be substituted for an oath; and in like cases "swear" includes "affirm" and "sworn" "affirmed. See Minnesota Statutes 645.44
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Usury: Charging an illegally high interest rate on a loan. Source: OCC
  • Violate: includes failure to comply with. See Minnesota Statutes 645.44