Section 47.41 — Negotiable Instruments, Facsimile Signatures, Disbursement Of Public Funds.
47.41 NEGOTIABLE INSTRUMENTS, FACSIMILE SIGNATURES, DISBURSEMENT OF PUBLIC FUNDS. Any public officer or other person who is authorized singly or in conjunction with another or others, to sign checks, drafts, warrants, warrant-checks, vouchers or other orders on public funds on deposit in a depository bank may authorize the bank to honor any such instrument bearing […]
Section 47.42 — Facsimile Signatures, Officer Not Liable.
47.42 FACSIMILE SIGNATURES, OFFICER NOT LIABLE. If the governing body of the depositor political subdivision, or of any commission, board, department or agency thereof, by resolution approves the action of the public officer or other person in the use of such facsimile, and shall have insured the depositor with an insurance company authorized to do […]
Section 47.51 — Detached Banking Facilities; Definitions.
47.51 DETACHED BANKING FACILITIES; DEFINITIONS. As used in sections 47.51 to 47.57: “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 […]
Section 47.52 — Authorization.
47.52 AUTHORIZATION. (a) With the prior approval of the commissioner, any bank doing business in this state may establish and maintain detached facilities provided the facilities are located within: (1) the municipality in which the principal office of the applicant bank is located; or (2) 5,000 feet of its principal office measured in a straight […]
Section 47.521 — Closed Bank Location; Authorization.
47.521 CLOSED BANK LOCATION; AUTHORIZATION. Where the commissioner has determined that an existing state bank or national banking association is about to fail or has failed and it is in the public interest to prevent the loss of banking services in the community affected, the limitations on location and number of detached facilities in section […]
Section 47.53 — Functions Of A Facility.
47.53 FUNCTIONS OF A FACILITY. A detached facility may provide any service or perform any function that may be offered or performed at the bank’s main banking house. History: 1971 c 855 s 3; 1977 c 378 s 3; 1980 c 468 s 1
Section 47.27 — Definitions.
47.27 DEFINITIONS. Subdivision 1. Scope. Unless the language or context clearly indicates that a different meaning is intended, the words, terms, and phrases defined in subdivisions 2, 3 and 4, shall, for the purposes of sections 47.27 to 47.30, be given the meanings subjoined to them. Subd. 2. Savings bank. “Savings bank” shall have the […]
Section 47.28 — Savings Banks May Convert Into Savings Associations.
47.28 SAVINGS BANKS MAY CONVERT INTO SAVINGS ASSOCIATIONS. Subdivision 1. Procedure. Any savings bank organized and existing under and by virtue of the law of this state may amend its articles of incorporation so as to convert itself into a savings association, by complying with the following requirements and procedure: The savings bank by a […]
Section 47.30 — Savings Association May Convert Into Savings Bank.
47.30 SAVINGS ASSOCIATION MAY CONVERT INTO SAVINGS BANK. Subdivision 1. Procedure. Any capital stock savings association organized and existing under and by virtue of the laws of this state may amend its articles of incorporation so as to convert itself into a savings bank, by complying with the following requirements and procedure: A meeting of […]
Section 47.205 — Assignment Of Mortgage; Duties; Penalties.
47.205 ASSIGNMENT OF MORTGAGE; DUTIES; PENALTIES. Subdivision 1. Definitions. For the purposes of this section, the terms defined in this subdivision have the meanings given them. (a) “Lender” means all state banks and trust companies, national banking associations, state and federally chartered savings associations, mortgage banks, savings banks, insurance companies, credit unions making a loan, […]