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HF 997

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Rtf

Bill Text Versions

Engrossments
Introduction Posted on 02/14/2005

Current Version - as introduced

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1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18

A bill for an act
 relating to financial institutions; authorizing a
detached facility in Burns Township under certain
conditions.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin BURNS TOWNSHIP; DETACHED BANKING FACILITY.
new text end

new text begin (a) With prior approval of the commissioner of commerce, a
bank operating its principal office in the city of Pine River
may establish and maintain not more than one detached facility
in Burns Township. A bank desiring to establish such a detached
facility must follow the approval procedure prescribed in
Minnesota Statutes, section 47.54. The establishment of a
detached facility under this section is subject to Minnesota
Statutes, sections 47.51 to 47.57, except to the extent those
sections are inconsistent with this section.
 new text end

new text begin (b) Paragraph (a) is effective the day after compliance by
the governing body of Burns Township with Minnesota Statutes,
section 645.021, subdivision 3.
 new text end