Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                        CHAPTER 105--H.F.No. 953
           An act relating to the city of Silver Bay; authorizing 
          the establishment of detached banking facilities. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [CITY OF SILVER BAY; DETACHED BANKING 
FACILITIES.] 
    With the prior approval of the commissioner of banks, any 
bank doing business within 35 miles of the city of Silver Bay 
may establish and maintain not more than one detached facility 
in the city of Silver Bay by merger with, or acquisition of, an 
existing bank in the city of Silver Bay.  Any bank desiring to 
establish a detached facility shall follow the approval 
procedure prescribed in Minnesota Statutes, section 47.54.  The 
establishment of a detached facility pursuant to this act is 
subject to the provisions of Minnesota Statutes, sections 47.51 
to 47.57 except insofar as inconsistent with this section.  
    Sec. 2.  [LOCAL APPROVAL.] 
    This act takes effect the day after compliance by the 
governing body of the city of Silver Bay with Minnesota 
Statutes, section 645.021, subdivision 3. 
    Approved May 9, 1983