Minn. Stat. § 50.147
This is the official text of Minn. Stat. § 50.147, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 50.147 AUTHORIZED INVESTMENTS; STUDENT LOANS.
Official statutory text
In addition to other investments authorized by law, a savings bank organized under the laws of this state may make student loans. Such loans may be secured or unsecured, and the lender may require a comaker or guaranty under a governmental student loan guarantee plan, or both. The borrower shall certify to the lender that the proceeds of the loan are to be used by a student solely for the payment of expenses of college, university or vocational education.
Status: in_force · Read it on the official government site
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