2000 Minnesota Statutes

     48.892 Clerical services offices. 

    A bank may perform clerical services, as defined in section 
 48.89, subdivision 1, for itself at an off-premises data 
 processing and storage center located within the state if the 
 bank furnishes assurances satisfactory to the commissioner that 
 the performances of those services will be subject to regulation 
 and examination by the commissioner to the same extent as if the 
 services were being performed at the bank's main office or 
 detached facility.  A data processing and storage center is not 
 considered a branch or detached facility, as defined in section 
 47.51.  The establishment of a data processing and storage 
 center may include acquiring real and personal property, which 
 shall be subject to section 47.10. 

    HIST: 1989 c 129 s 3