Minnesota § 50.18 - METHOD OF DETERMINING SURPLUS
Full text of Minnesota Minnesota Statutes § 50.18 — METHOD OF DETERMINING SURPLUS, with citation guidance and answers to common questions.
§ 50.18. METHOD OF DETERMINING SURPLUS
In determining the percent of surplus held by any such bank, its interest paying stock, notes, and bonds shall be estimated at their market value; notes and bonds having not more than six months' unpaid interest at their face, and real estate not above cost. As to stocks, bonds, and notes having more than six months accrued and unpaid interest, and all other investments not herein enumerated, their value shall be determined by the commissioner of commerce, who may change their valuation from time to time.
History:
(7718) RL s 3026; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 50.18
What does Minnesota Statutes § 50.18 cover?
Section 50.18 ("METHOD OF DETERMINING SURPLUS") 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 § 50.18?
A common citation format is "Minnesota Statutes § 50.18" (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 § 50.18 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.