Every contract made by any bank, except routine business, shall be first duly authorized by resolution of its board of directors, signed by the president or vice-president and by the cashier or some other officer specially designated by the board, and have its corporate seal impressed thereon.
Minn. Stat. § 48.11
CONTRACTS, HOW MADE.
Known as the Interstate Banking Act
The act spans §§ 48–48 (81 sections).
(7678) RL s 2994
Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.