Minnesota Session Laws - 1985, Regular Session

  

                         Laws of Minnesota 1985 

                         CHAPTER 7-S.F.No. 106 
           An act relating to the town of Tofte; authorizing the 
          establishment of a detached banking facility. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1. [TOWN OF TOFTE; DETACHED BANKING FACILITY.] 
    With the prior approval of the commissioner of commerce, 
any bank doing business within 27 miles of the town of Tofte may 
establish and maintain not more than one detached facility in 
the town of Tofte.  A bank desiring to establish a detached 
facility must 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 town 
board of the town of Tofte with Minnesota Statutes, section 
645.021, subdivision 3. 
    Approved March 21, 1985