§ 46.30 — HEARINGS, DECISION; REVIEW, MODIFICATION, TERMINATION OR STAY OF ORDERS

Minnesota § 46.30

• Jurisdiction: Minnesota
• Part: BANKING
• Ch. 46: GENERAL BANKING POWERS

Text

Subdivision 1.Conduct of hearing.
Any hearing provided for in sections46.23to46.33shall be conducted in accordance with the provisions of chapter 14, provided, the hearing shall be private unless the commissioner after fully considering the views of the party afforded the hearing determines that a public hearing is necessary to protect the public interest. After the hearing and within 90 days after the commissioner has notified the parties that the case has been submitted for final decision, the commissioner shall render a decision which shall include findings of fact upon which the decision is predicated and shall issue and serve upon each party to the proceeding an order consistent with the provisions of this section.

Subd. 2.Order review.
Any party to the hearing, or any person required by an order issued under sections46.23to46.33to cease and desist from any of the violations or practices stated therein or to be suspended, removed, or prohibited from participation in the conduct of the affairs of an institution may obtain a review of any order, other than a consent order, which review shall be pursuant to chapter 14. Unless a petition for review is timely filed as provided in chapter 14, the commissioner, at any time, upon such notice and in such manner as the commissioner deems proper may modify, terminate, or set aside the order. Upon the timely filing of a petition for review, the commissioner may modify, terminate, or set aside the order with the permission of the court.

Subd. 3.Restriction on order review.
No order issued under sections46.23to46.33shall be subject to review by the commissioner of commerce.

Legislative History

1978 c 544 s 5;1982 c 424 s 130;1983 c 289 s 114subd 1;1984 c 655 art 1 s 92; 1986 c 444