Minnesota Session Laws - 1999, Regular Session

                             CHAPTER 7-H.F.No. 248 
                  An act relating to financial institutions; permitting 
                  location of a branch bank in the town of Crooked Lake 
                  under certain conditions. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [TOWN OF CROOKED LAKE; DETACHED BANKING 
        FACILITY.] 
           With the prior approval of the commissioner of commerce, a 
        bank may establish and maintain not more than one detached 
        facility in the town of Crooked Lake.  A bank desiring to 
        establish such a detached facility must follow the approval 
        procedure prescribed in Minnesota Statutes, section 47.54.  The 
        establishment of a detached facility under this section 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 town of Crooked Lake with Minnesota 
        Statutes, section 645.021, subdivision 3. 
           Presented to the governor March 11, 1999 
           Signed by the governor March 15, 1999, 2:30 p.m.