47.51 DETACHED BANKING FACILITIES; DEFINITIONS.
As used in sections
"Extension of the main banking house" means any structure or stationary mechanical device
serving as a drive-in or walk-up facility, or both, which is located within 1,500 feet of the
main banking house or detached facility, the distance to be measured in a straight line from the
closest points of the closest structures involved and which performs one or more of the functions
described in section
. An unstaffed after-hour depository drop box located anywhere within
the municipality where the bank's main office or detached facility is located is also considered
an extension of the main banking house even if it is not located within 1,500 feet of the main
banking house or detached facility.
"Detached facility" means any permanent structure, office accommodation located within
the premises of any existing commercial or business establishment, stationary automated remote
controlled teller facility, stationary unstaffed cash dispensing or receiving device, located separate
and apart from the main banking house which is not an "extension of the main banking house"
as above defined, that serves as a drive-in or walk-up facility, or both, with one or more tellers
windows, or as a remote controlled teller facility or a cash dispensing or receiving device, and
which performs one or more of those functions described in section
"Bank" means a bank as defined in section
and any banking office established prior to
the effective date of Laws 1923, chapter 170, section 1.
"Commissioner" means the commissioner of commerce.
"Municipality" means the geographical area encompassing the boundaries of any home rule
charter or statutory city located in this state, and any detached area, pursuant to section
operated as a major airport by the Metropolitan Airports Commission pursuant to sections
. When a bank is located in a township, the term municipality is expanded to
mean the geographical area encompassing the boundaries of the township.
History: 1971 c 855 s 1; 1977 c 378 s 1; 1979 c 220 s 1; 1981 c 220 s 6; 1983 c 289 s 114
subd 1; 1984 c 655 art 1 s 92; 1985 c 248 s 18; 1986 c 444; 1996 c 414 art 3 s 3; 2001 c 56 s 2