Subdivision 1. Scope. For the purposes of sections 47.0151 to 47.0155, the terms defined in this section have the meanings given them, unless the context requires otherwise.
Subd. 2. Commissioner. "Commissioner" means the commissioner of commerce.
Subd. 3. Financial institution. "Financial institution" includes a bank, a savings bank, a trust company, any branch or agency of a foreign banking organization, a person or association of persons lawfully carrying on the business of banking, a savings association, and, so far as the provisions of sections 47.0151 to 47.0155 are consistent with federal law, national banks and federal savings associations, and includes any branch or detached facility of any of them.
Subd. 4. Officer. "Officer" means the person designated by the board of directors, board of trustees, or other governing body of a financial institution, to act for the financial institution in carrying out the provisions of sections 47.0151 to 47.0155 or, in the absence of a designation or of the officer or officers designated, the president or any other officer currently in charge of the operations of the financial institution or of the office or offices in question.
Subd. 5. Office. "Office" means any place at which a financial institution transacts its business or conducts operations related to its business.
Subd. 6. Emergency. "Emergency" means any condition or occurrence which may interfere physically with the conduct of normal business operations at one or more or all of the offices of a financial institution and which poses an imminent or existing threat to the safety or security of persons or property, or both. An emergency includes but is not limited to fire; flood; earthquake; hurricane; wind, rain, or snow storms; labor disputes and strikes; power failures; transportation failures; interruption of communication facilities; shortages of fuel, housing, food, transportation or labor; robbery or attempted robbery; actual or threatened enemy attack; epidemics or other catastrophes, riots; civil commotions; and other acts of lawlessness or violence.
1971 c 318 s 1; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1Sp1985 c 13 s 179; 1995 c 202 art 1 sec 25
Structure Minnesota Statutes
Chapter 47 — Financial Corporations
Section 47.015 — Closing On Certain Days.
Section 47.0151 — Emergency Suspension Of Business, Definitions.
Section 47.0152 — Emergency Closings; Power Of Commissioner.
Section 47.0153 — Closings; Powers Of Officers.
Section 47.0154 — Notice To Commissioner.
Section 47.0155 — Effect Of Closing.
Section 47.0156 — Closing Effecting A Permanent Cessation Of Business.
Section 47.016 — Disposition Of Credit Insurance Income.
Section 47.02 — "bank" And "savings Bank."
Section 47.03 — Use Of Certain Words Permitted.
Section 47.07 — Companies Subject To Provisions.
Section 47.08 — Articles Of Incorporation Filed With Commissioner.
Section 47.09 — Advertisements.
Section 47.096 — Time Deposits; Notice Of Automatic Renewal.
Section 47.10 — Real Estate; Acquisition, Holding.
Section 47.101 — Place Of Business; Relocation, Disposal.
Section 47.11 — Selection Of Name.
Section 47.12 — Financial Corporations.
Section 47.13 — Application Of Business Corporation Act.
Section 47.14 — Certificate; How Accompanied.
Section 47.16 — Certification By Commissioner.
Section 47.171 — Certificates Of Incorporation, Amendment; Exceptions.
Section 47.172 — Restated Certificates Of Incorporation.
Section 47.18 — "corporation"; "agency."
Section 47.19 — Corporation May Be Member Or Stockholder Of Federal Agency.
Section 47.20 — Lending Authority Of Financial Institutions.
Section 47.201 — Graduated Payment Mortgages And Cooperative Apartment Loans.
Section 47.203 — Federal Preemption Override.
Section 47.204 — Temporary Removal Of Mortgage Usury Limits.
Section 47.205 — Assignment Of Mortgage; Duties; Penalties.
Section 47.206 — Interest Rate Or Discount Point Agreements.
Section 47.207 — Cancellation Of Private Mortgage Insurance.
Section 47.208 — Delivery Of Satisfaction Of Mortgage.
Section 47.209 — Manufactured Home Financing; Property Tax Collection Requirement.
Section 47.21 — Inapplicable Laws; Authorized Investments.
Section 47.23 — Use Of Certain Words Permitted.
Section 47.24 — Failure To Report; Forfeitures.
Section 47.25 — Notice Of Meetings.
Section 47.28 — Savings Banks May Convert Into Savings Associations.
Section 47.30 — Savings Association May Convert Into Savings Bank.
Section 47.325 — Appeal And Judicial Review.
Section 47.41 — Negotiable Instruments, Facsimile Signatures, Disbursement Of Public Funds.
Section 47.42 — Facsimile Signatures, Officer Not Liable.
Section 47.51 — Detached Banking Facilities; Definitions.
Section 47.52 — Authorization.
Section 47.521 — Closed Bank Location; Authorization.
Section 47.53 — Functions Of A Facility.
Section 47.54 — Notices And Approval Procedures.
Section 47.55 — Existing Banking Facilities Or Branches Of Savings Associations.
Section 47.56 — Transfer Of Location.
Section 47.561 — Identification Of Detached Facility.
Section 47.57 — Violation; Penalties.
Section 47.58 — Reverse Mortgage Loans.
Section 47.59 — Financial Institution Credit Extension Maximum Rates.
Section 47.60 — Consumer Small Loans.
Section 47.601 — Consumer Short-term Loans.
Section 47.602 — Motor Vehicle Title Loans.
Section 47.605 — Loan Solicitation; Unrequested Checks Regulated.
Section 47.61 — Electronic Funds Transfer Facilities; Definitions.
Section 47.62 — Authorization.
Section 47.63 — Functions Of An Electronic Financial Terminal.
Section 47.64 — Operation Of An Electronic Financial Terminal.
Section 47.65 — Transmission Facility.
Section 47.68 — Electronic Financial Terminal Security.
Section 47.69 — Consumer Privacy.
Section 47.72 — Cease And Desist Order; Injunction; Penalties.
Section 47.74 — Federal Institutions; Application.
Section 47.75 — Limited Trusteeship.
Section 47.76 — Required Savings Account.
Section 47.77 — Transfer Of Accounts Prohibited; Notice On Closing.