as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to financial institutions; limiting charges 1.3 for cashing certain state warrants; proposing coding 1.4 for new law in Minnesota Statutes, chapter 48. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [48.1586] [FEES FOR CASHING CERTAIN STATE 1.7 WARRANTS.] 1.8 No bank, bank and trust company, savings bank, savings 1.9 association, or credit union may charge a fee of more than $2 1.10 for cashing a state warrant in an amount less than $100. This 1.11 section applies to federally chartered institutions to the 1.12 extent permitted by federal law. 1.13 Sec. 2. [EFFECTIVE DATE.] 1.14 Section 1 is effective August 1, 1997.