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Chapter 48
Section 48.34
Recent History
- 2014 48.34 Repealed 2014 c 222 art 1 s 58
- 1996 48.34 Amended 1996 c 414 art 3 s 6
This is an historical version of this statute chapter. Also view the most recent published version.
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 47.51 to 47.57, 47.61 to 47.74, and 49.411. 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
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 47.51 to 47.57, 47.61 to 47.74, and 49.411. 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
Official Publication of the State of Minnesota
Revisor of Statutes