1.1 	A bill for an act
1.2 	relating to financial institutions; authorizing a
1.3 	detached facility in Burns Township under certain
1.4 	conditions.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. BURNS TOWNSHIP; DETACHED BANKING FACILITY.
 1.7 	(a) With prior approval of the commissioner of commerce, a
1.8 	bank operating its principal office in the city of Pine River
1.9 	may establish and maintain not more than one detached facility
1.10 	in Burns Township.  A bank desiring to establish such a detached
1.11 	facility must follow the approval procedure prescribed in
1.12 	Minnesota Statutes, section 47.54.  The establishment of a
1.13 	detached facility under this section is subject to Minnesota
1.14 	Statutes, sections 47.51 to 47.57, except to the extent those
1.15 	sections are inconsistent with this section.
1.16 	(b) Paragraph (a) is effective the day after compliance by
1.17 	the governing body of Burns Township with Minnesota Statutes,
1.18 	section 645.021, subdivision 3.