385.11 SURETIES. The county board shall not accept, and shall not approve, as sureties upon the bonds of depositories, stockholders or owners of such depositories, unless they are satisfied, upon full investigation, that their responsibility would in no wise be affected by the failure of the bank or banker in behalf of which the stockholders or owners sign as sureties. History: (850) RL s 504; 1967 c 409 s 7
Minnesota Legal Code