Minnesota Deposit bank holding / separate account

Deposit bank holding / separate account in Minnesota

The state landlord-tenant statute (Minn. Stat. ch. 504B (Landlord and Tenant), full text reviewed on 2026-10-17: section headings checked and the whole text searched for "trust account," "escrow," "separate" and "commingle") has no requirement to keep security deposits in a separate, trust or escrow account. (Its "rent escrow" sections cover rent paid into court, not deposits.)

Verified Source: Minn. Stat. ch. 504B (Landlord and Tenant) · last checked 2026-10-17