Minnesota Session Laws - 1986, Regular Session

  

                         Laws of Minnesota 1986 

                        CHAPTER 334-S.F.No. 1886 
           An act relating to the city of Moorhead; authorizing 
          the establishment of a detached banking facility in 
          the city of Moorhead by a state bank located within 30 
          miles of the city of Moorhead. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [CITY OF MOORHEAD; DETACHED BANKING FACILITY.] 
    With the prior approval of the commissioner of commerce, 
any state bank doing business within 30 miles of the city of 
Moorhead may establish and maintain not more than one detached 
facility in the city of Moorhead.  A bank desiring to establish 
a detached facility under this section must follow the approval 
procedure prescribed in Minnesota Statutes, section 47.54, and 
the establishment of the detached facility is subject to 
Minnesota Statutes, sections 47.51 to 47.57, except insofar as 
inconsistent with this section. 
    Sec. 2.  [LOCAL APPROVAL NOT REQUIRED.] 
    Pursuant to Minnesota Statutes, section 645.023, 
subdivision 1, section 1 is effective without local approval. 
    Approved March 19, 1986