Minnesota § 37.36 - PURCHASE AND CANCELLATION BY SOCIETY
Full text of Minnesota Minnesota Statutes § 37.36 — PURCHASE AND CANCELLATION BY SOCIETY, with citation guidance and answers to common questions.
§ 37.36. PURCHASE AND CANCELLATION BY SOCIETY
Subject to agreements with bondholders that may then exist, the society may purchase out of money available for the purpose, bonds of the society which shall then be canceled, at a price not exceeding the following amounts:
(1) if the bonds are then redeemable, the redemption price then applicable plus accrued interest to the next interest payment date of the bonds; or
(2) if the bonds are not redeemable, the redemption price applicable on the first date after the purchase upon which the bonds become subject to redemption plus accrued interest to that date.
History:
2003 c 127 art 12 s 6; 1Sp2003 c 21 art 10 s 11
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 37.36
What does Minnesota Statutes § 37.36 cover?
Section 37.36 ("PURCHASE AND CANCELLATION BY SOCIETY") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 37.36?
A common citation format is "Minnesota Statutes § 37.36" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 37.36 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.