Minnesota § 453.60 - AUTHORIZED INVESTMENTS; SECURITY FOR PUBLIC DEPOSITS
Full text of Minnesota Minnesota Statutes § 453.60 — AUTHORIZED INVESTMENTS; SECURITY FOR PUBLIC DEPOSITS, with citation guidance and answers to common questions.
§ 453.60. AUTHORIZED INVESTMENTS; SECURITY FOR PUBLIC DEPOSITS
Notwithstanding any other law to the contrary, the state of Minnesota and all its public officers, governmental units, agencies and instrumentalities, all banks, trust companies, savings banks and institutions, savings associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, may legally invest any sinking funds, money, or other funds belonging to them or within their control in any bonds or notes issued pursuant to sections 453.51 to 453.62, and the bonds or notes shall be authorized security for any and all public deposits.
History:
1976 c 313 s 10; 1995 c 202 art 1 s 25
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 453.60
What does Minnesota Statutes § 453.60 cover?
Section 453.60 ("AUTHORIZED INVESTMENTS; SECURITY FOR PUBLIC DEPOSITS") 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 § 453.60?
A common citation format is "Minnesota Statutes § 453.60" (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 § 453.60 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.