1997 Minnesota Statutes

     48.01 Definitions. 

    Subdivision 1.    Words, terms, and phrases.  Unless the 
 language or context clearly indicates that a different meaning 
 is intended, the term defined in subdivision 2, for the purposes 
 of sections 48.38, 48.56 to 48.59, and 48.84, has that meaning; 
 and the term defined in subdivision 3, for the purposes of this 
 chapter, has that meaning. 

    Subd. 2.    Banking institution.  The term "banking 
 institution" means any bank, trust company, bank and trust 
 company, or savings bank which is now or may hereafter be 
 organized under the laws of this state.  For purposes of 
 sections 48.38, 48.84, and 501B.151, subdivision 11, and to the 
 extent permitted by federal law, "banking institution" includes 
 any national banking association or affiliate exercising trust 
 powers in this state. 

    Subd. 3.    Commissioner.  "Commissioner" means the 
 commissioner of commerce of the state of Minnesota.  

    HIST: (7658-6) 1935 c 319 s 1; 1982 c 473 s 9; 1983 c 289 s 
 114 subd 1; 1984 c 655 art 1 s 92; 1992 c 473 s 1,2; 1995 c 171 
 s 29; 1997 c 157 s 20