Key: (1) language to be deleted (2) new language
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.
Official Publication of the State of Minnesota
Revisor of Statutes