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1,133 chapters · 28,438 sections in this title.
Minn. Stat. § 53.01 ORGANIZATION.
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53.01 ORGANIZATION. It is lawful for three or more persons, who desire to form a corporation for the purpose of carrying on primarily the business of loaning money to persons within the conditions set forth in this chapter, to organize, under this chapter, an industrial loan and …
Minn. Stat. § 53.015 DEFINITIONS.
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53.015 DEFINITIONS. § Subdivision 1.Applicability. For the purposes of this chapter, the terms defined in this section shall have the meanings given them. § Subd. 2.Surplus. "Surplus" means the sum total of all funds: (1) received as consideration in excess of the par value of pr…
Minn. Stat. § 53.02 CAPITAL.
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53.02 CAPITAL. No corporation shall be organized under this chapter or qualified to do business thereunder with a capital represented by shares of common stock of less than $25,000 in cities with less than 50,000 people; $50,000 in cities with more than 50,000 people and less tha…
Minn. Stat. § 53.03 CERTIFICATE.
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53.03 CERTIFICATE. § Subdivision 1.Application, fee, notice. Any corporation hereafter organized as an industrial loan and thrift company, shall, after compliance with the requirements set forth in sections 53.01 and 53.02, file a written application with the Department of Commer…
