2006 Minnesota Statutes

48.151 ADDITIONAL POWERS.
Any bank, savings bank, or trust company organized under the laws of this state, or any
national banking association doing business in this state, shall have the power to advertise for sale
and sell for a fee money orders, traveler's checks, cashier's checks, drafts, registered checks, and
certified checks and no other person, firm, or corporation, either directly or through agents, shall
advertise for sale or shall sell for a fee any evidence of indebtedness on which there appears the
words, "money order," "traveler's check," "cashier's check," "draft," "registered check," "certified
check," or other words or symbols whether of the same or different character which tend to lead
the purchaser to believe that such evidence of indebtedness is other than a personal check, unless
such evidence of indebtedness is issued by a person, firm or corporation which is a savings
association, or telegraph company, or, in the case of cashier's checks, is issued by an industrial
loan and thrift company with deposit liabilities, provided that these instruments are issued in
conformity with the Uniform Commercial Code, or is issued by a person, firm, or corporation
licensed under chapter 53B. Any person, firm or corporation who shall violate any provision of
this section shall be guilty of a misdemeanor.
History: 1955 c 555 s 1; 1959 c 88 s 6; 1Sp1985 c 1 s 1; 1995 c 202 art 1 s 25; 2001 c 148 s 1