as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 01/31/2000 |
1.1 A bill for an act 1.2 relating to financial institutions; permitting 1.3 location of a branch bank in Vasa township under 1.4 certain conditions. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [VASA TOWNSHIP; DETACHED BANKING FACILITY.] 1.7 With the prior approval of the commissioner of commerce, a 1.8 bank operating its principal office in Cannon Falls may 1.9 establish and maintain not more than one detached facility in 1.10 Vasa 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 Sec. 2. [EFFECTIVE DATE.] 1.17 Section 1 is effective the day after compliance by the 1.18 governing body of Vasa township with Minnesota Statutes, section 1.19 645.021, subdivision 3.