Minnesota Session Laws - 2005, Regular Session

                             CHAPTER 18-H.F.No. 997 
                  An act relating to financial institutions; authorizing 
                  a detached facility in Burns Township under certain 
                  conditions. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [BURNS TOWNSHIP; DETACHED BANKING FACILITY.] 
           (a) With prior approval of the commissioner of commerce, a 
        bank operating its principal office in the city of Pine River 
        may establish and maintain not more than one detached facility 
        in Burns Township.  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. 
           (b) Paragraph (a) is effective the day after compliance by 
        the governing body of Burns Township with Minnesota Statutes, 
        section 645.021, subdivision 3. 
           Presented to the governor April 4, 2005 
           Signed by the governor April 7, 2005, 11:25 a.m.