2000 Minnesota Statutes

     48.34 Branch banks prohibited. 

    No bank or trust company organized under the laws of this 
 state shall maintain a branch bank or receive deposits or pay 
 checks within this state, except at its own banking house, and 
 except as authorized by sections 47.51 to 47.57, 47.61 to 47.74, 
 and 49.411.  The commissioner shall take possession of and 
 liquidate the business and affairs of any state bank or trust 
 company violating the provisions of this section, in the manner 
 prescribed by law for the liquidation of insolvent state banks 
 and trust companies. 

    HIST: (7693) 1923 c 170 s 1; 1981 c 220 s 10; 1996 c 414 art 3 
 s 6