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SF 2523

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
Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14

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

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

Section 1. new text begin SHAMROCK 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 McGregor may establish and maintain not more than one
detached facility in Shamrock 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
Shamrock Township with Minnesota Statutes, section 645.021, subdivision 3.new text end