Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
334.061 AGRICULTURAL CREDIT CORPORATIONS; INTEREST RATE
LIMITATIONS.
A state chartered agricultural credit corporation operating under United States Code, title 12,
sections 1401, 1402, 1403, and 1404 may make a charge on its loans at a rate of not more than
4-1/2 percent in excess of the discount rate on 90 day commercial paper in effect at the Federal
Reserve Bank in the Federal Reserve District encompassing Minnesota.
History: 1976 c 158 s 1; 1981 c 347 s 3
LIMITATIONS.
A state chartered agricultural credit corporation operating under United States Code, title 12,
sections 1401, 1402, 1403, and 1404 may make a charge on its loans at a rate of not more than
4-1/2 percent in excess of the discount rate on 90 day commercial paper in effect at the Federal
Reserve Bank in the Federal Reserve District encompassing Minnesota.
History: 1976 c 158 s 1; 1981 c 347 s 3
Official Publication of the State of Minnesota
Revisor of Statutes