Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                         CHAPTER 98--H.F.No. 721
           An act relating to the city of Babbitt; authorizing 
          the establishment of detached banking facilities. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [CITY OF BABBITT; DETACHED BANKING FACILITIES.] 
     With the prior approval of the commissioner of banks, any 
bank doing business within 35 miles of the city of Babbitt may 
establish and maintain not more than one detached facility in 
the city of Babbitt.  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 Babbitt with Minnesota Statutes, 
section 645.021, subdivision 3. 
    Approved May 9, 1983