Minnesota § 46.042 NOTICE AND HEARING, WHEN NOT GIVEN

Minnesota Statutes

§ 46.042 — NOTICE AND HEARING, WHEN NOT GIVEN

Minnesota § 46.042

PartBANKING

Ch. 46GENERAL BANKING POWERS

This text of Minnesota § 46.042 (NOTICE AND HEARING, WHEN NOT GIVEN) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 46.042 (2026).

Text

The commissioner of commerce may dispense with the notice and hearing provided for by section46.041if application is made for the incorporation of a new bank to take over the assets of one or more existing banks or if the application contemplates the reorganization of a national bank into a state bank in the same locality, or where the application is made for the incorporation of a new bank in the same locality coincidental with the closing of an existing bank by the commissioner or federal authorities. This section does not increase the number of banks in the community affected.

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The commissioner of commerce may dispense with the notice and hearing provided for by section46.041if application is made for the incorporation of a new bank to take over the assets of one or more existing banks or if the application contemplates the reorganization of a national bank into a state bank in the same locality, or where the application is made for the incorporation of a new bank in the same locality coincidental with the closing of an existing bank by the commissioner or federal authorities. This section does not increase the number of banks in the community affected.