2001 Minnesota Statutes

     51A.41 Right to act to avoid loss.  

    Nothing in sections 51A.01 to 51A.57 or the statute law of 
 the state shall be construed as denying to an association the 
 right to invest its funds, operate a business, manage or deal in 
 property, or take any other action over whatever period of time 
 may reasonably be necessary to avoid loss on a loan or 
 investment theretofore made or an obligation created in good 
 faith.  

    HIST: 1969 c 490 s 41; 1996 c 414 art 1 s 44; 1997 c 157 s 67; 
 1998 c 260 s 1