Minnesota Session Laws - 1990, Regular Session

  

                         Laws of Minnesota 1990 

                        CHAPTER 505-H.F.No. 2057 
           An act relating to the city of Detroit Lakes; 
          authorizing the establishment of a detached banking 
          facility under certain conditions. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [CITY OF DETROIT LAKES; DETACHED BANKING 
FACILITY.] 
    With the prior approval of the commissioner of commerce, a 
bank doing business within seven miles of the city of Detroit 
Lakes may establish and maintain not more than one detached 
facility in the city of Detroit Lakes.  A bank desiring to 
establish a detached facility under this section must follow the 
approval procedure in Minnesota Statutes, section 47.54.  The 
establishment of the detached facility is subject to Minnesota 
Statutes, sections 47.51 to 47.57, except to the extent those 
sections are inconsistent with this section. 
    Sec. 2.  [LOCAL APPROVAL.] 
    Section 1 takes effect the day after compliance by the 
governing body of the city of Detroit Lakes with Minnesota 
Statutes, section 645.021, subdivision 3. 
    Presented to the governor April 24, 1990 
    Signed by the governor April 26, 1990, 10:14 p.m.