1.1                          A bill for an act 
  1.2             relating to financial institutions; permitting 
  1.3             location of a branch bank in Vasa township under 
  1.4             certain conditions. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  [VASA TOWNSHIP; DETACHED BANKING FACILITY.] 
  1.7      With the prior approval of the commissioner of commerce, a 
  1.8   bank operating its principal office in Cannon Falls may 
  1.9   establish and maintain not more than one detached facility in 
  1.10  Vasa township.  A bank desiring to establish such a detached 
  1.11  facility must follow the approval procedure prescribed in 
  1.12  Minnesota Statutes, section 47.54.  The establishment of a 
  1.13  detached facility under this section is subject to Minnesota 
  1.14  Statutes, sections 47.51 to 47.57, except to the extent those 
  1.15  sections are inconsistent with this section. 
  1.16     Sec. 2.  [EFFECTIVE DATE.] 
  1.17     Section 1 is effective the day after compliance by the 
  1.18  governing body of Vasa township with Minnesota Statutes, section 
  1.19  645.021, subdivision 3.