A community network must satisfy the deposit requirement provided in section 62D.041 . The deposit counts as an admitted asset and as part of the required net worth. The deposit requirement cannot be reduced by the alternative means that may be used to reduce the net worth requirement, other than through the use of a guaranteeing organization.
Minn. Stat. § 62N.32
DEPOSIT REQUIREMENT.
1994 c 625 art 1 s 12
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.