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