Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2006 Statutes New, Amended or Repealed
- 2006 Table of Chapters
- 2006 Statutes Topics (Index)
Chapter 47
Section 47.02
Topics
Recent History
- 1995 47.02 Amended 1995 c 171 s 7
This is an historical version of this statute chapter. Also view the most recent published version.
47.02 "BANK" AND "SAVINGS BANK."
A "bank" is a corporation having a place of business in this state, where credits are opened by
the deposit of money or currency, or the collection of the same, subject to be paid or remitted on
draft, check, or order; and where money is loaned or advanced on stocks, bonds, bullion, bills of
exchange, or promissory notes, and where the same are received for discount or sale. A "savings
bank" is a corporation authorized to do business under chapter 50. Every "bank" or "savings
bank" in this state shall at all times be under the supervision and subject to the control of the
commissioner of commerce, and when so conducted the business shall be known as "banking."
History: (7636) 1907 c 111 s 1; 1909 c 103 s 1; 1983 c 289 s 114 subd 1; 1984 c 655
art 1 s 92; 1995 c 171 s 7
A "bank" is a corporation having a place of business in this state, where credits are opened by
the deposit of money or currency, or the collection of the same, subject to be paid or remitted on
draft, check, or order; and where money is loaned or advanced on stocks, bonds, bullion, bills of
exchange, or promissory notes, and where the same are received for discount or sale. A "savings
bank" is a corporation authorized to do business under chapter 50. Every "bank" or "savings
bank" in this state shall at all times be under the supervision and subject to the control of the
commissioner of commerce, and when so conducted the business shall be known as "banking."
History: (7636) 1907 c 111 s 1; 1909 c 103 s 1; 1983 c 289 s 114 subd 1; 1984 c 655
art 1 s 92; 1995 c 171 s 7
Official Publication of the State of Minnesota
Revisor of Statutes