1st Engrossment - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to financial institutions; permitting 1.3 location of a branch bank in the town of Crooked Lake 1.4 under certain conditions. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [TOWN OF CROOKED LAKE; DETACHED BANKING 1.7 FACILITY.] 1.8 With the prior approval of the commissioner of commerce, a 1.9 bank may establish and maintain not more than one detached 1.10 facility in the town of Crooked Lake. A bank desiring to 1.11 establish such a detached facility must follow the approval 1.12 procedure prescribed in Minnesota Statutes, section 47.54. The 1.13 establishment of a detached facility under this section is 1.14 subject to Minnesota Statutes, sections 47.51 to 47.57, except 1.15 to the extent those sections are inconsistent with this section. 1.16 Sec. 2. [LOCAL APPROVAL.] 1.17 Section 1 takes effect the day after compliance by the 1.18 governing body of the town of Crooked Lake with Minnesota 1.19 Statutes, section 645.021, subdivision 3.