Section 332.345 — Segregated Accounts.

MN Stat § 332.345 (2019) (N/A)
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A payment collected by a collector or collection agency on behalf of a customer shall be held by the collector or collection agency in a separate trust account clearly designated for customer funds. The account must be in a bank or other depository institution authorized or chartered under the laws of any state or of the United States.

History: 2008 c 344 s 55