Minnesota § 47.56 TRANSFER OF LOCATION

Minnesota Statutes

§ 47.56 — TRANSFER OF LOCATION

Minnesota § 47.56

PartBANKING

Ch. 47FINANCIAL CORPORATIONS

This text of Minnesota § 47.56 (TRANSFER OF LOCATION) 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. § 47.56 (2026).

Text

The location of a detached facility transferred to another location outside of a radius of three miles measured in a straight line is subject to the same procedures and approval as required hereunder for establishing a new detached facility. The location of a detached facility transferred to another location within the lesser of a radius of three miles measured in a straight line from the existing location or the municipality, as defined in section47.51, in which it is located is subject to the same procedures and approval as are required in section47.101, subdivision 2. The relocation of a detached facility within a municipality of 10,000 or less population shall not require consent of other banks required in section47.52.

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The location of a detached facility transferred to another location outside of a radius of three miles measured in a straight line is subject to the same procedures and approval as required hereunder for establishing a new detached facility. The location of a detached facility transferred to another location within the lesser of a radius of three miles measured in a straight line from the existing location or the municipality, as defined in section47.51, in which it is located is subject to the same procedures and approval as are required in section47.101, subdivision 2. The relocation of a detached facility within a municipality of 10,000 or less population shall not require consent of other banks required in section47.52.