Minnesota § 48.47 BANKING AND TRUST COMPANY BUSINESS

Minnesota Statutes

§ 48.47 — BANKING AND TRUST COMPANY BUSINESS

Minnesota § 48.47

PartBANKING

Ch. 48BANKS

This text of Minnesota § 48.47 (BANKING AND TRUST COMPANY BUSINESS) 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. § 48.47 (2026).

Text

After the application of the corporation shall have been favorably acted on by the department in compliance with sections46.041to46.044, and upon compliance with the terms hereof and the issuance of such certificates, the bank may commence the transaction of banking and trust company business and may exercise, in addition to all the powers and privileges conferred by law on state banks, the powers and privileges set forth in sections48A.07and48A.08, and the bank shall thereafter comply with and be subject to all of the provisions of law relating to state banks exercising such fiduciary powers and privileges.

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After the application of the corporation shall have been favorably acted on by the department in compliance with sections46.041to46.044, and upon compliance with the terms hereof and the issuance of such certificates, the bank may commence the transaction of banking and trust company business and may exercise, in addition to all the powers and privileges conferred by law on state banks, the powers and privileges set forth in sections48A.07and48A.08, and the bank shall thereafter comply with and be subject to all of the provisions of law relating to state banks exercising such fiduciary powers and privileges.