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.
334.19 INTEREST RATES ON MARGIN ACCOUNTS.
Subject to the provisions of chapter 80A, no law in this state prescribing or limiting interest
rates upon loans applies to interest charged by a broker or dealer registered under the Securities
Exchange Act of 1934, as amended, for carrying a debit balance including a debit balance arising
out of a nonpurpose loan, in an account for a customer if such debit balance is payable on demand
and secured by securities or bonds.
History: 1974 c 26 s 1; 1975 c 27 s 1
Subject to the provisions of chapter 80A, no law in this state prescribing or limiting interest
rates upon loans applies to interest charged by a broker or dealer registered under the Securities
Exchange Act of 1934, as amended, for carrying a debit balance including a debit balance arising
out of a nonpurpose loan, in an account for a customer if such debit balance is payable on demand
and secured by securities or bonds.
History: 1974 c 26 s 1; 1975 c 27 s 1
Official Publication of the State of Minnesota
Revisor of Statutes