Minnesota § 48.892 CLERICAL SERVICES OFFICES

Minnesota Statutes

§ 48.892 — CLERICAL SERVICES OFFICES

Minnesota § 48.892

PartBANKING

Ch. 48BANKS

This text of Minnesota § 48.892 (CLERICAL SERVICES OFFICES) 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. § 48.892 (2026).

Text

A bank may perform clerical services, as defined in section48.89, subdivision 1, for itself at an off-premises data processing and storage center located within the state if the bank furnishes assurances satisfactory to the commissioner that the performances of those services will be subject to regulation and examination by the commissioner to the same extent as if the services were being performed at the bank's main office or detached facility. A data processing and storage center is not considered a branch or detached facility, as defined in section47.51. The establishment of a data processing and storage center may include acquiring real and personal property, which shall be subject to section47.10.

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A bank may perform clerical services, as defined in section48.89, subdivision 1, for itself at an off-premises data processing and storage center located within the state if the bank furnishes assurances satisfactory to the commissioner that the performances of those services will be subject to regulation and examination by the commissioner to the same extent as if the services were being performed at the bank's main office or detached facility. A data processing and storage center is not considered a branch or detached facility, as defined in section47.51. The establishment of a data processing and storage center may include acquiring real and personal property, which shall be subject to section47.10.