A "bank" is a corporation having a place of business in this state, where credits are opened by the deposit of money or currency, or the collection of the same, subject to be paid or remitted on draft, check, or order; and where money is loaned or advanced on stocks, bonds, bullion, bills of exchange, or promissory notes, and where the same are received for discount or sale. A "savings bank" is a corporation authorized to do business under chapter 50. Every "bank" or "savings bank" in this state shall at all times be under the supervision and subject to the control of the commissioner of commerce, and when so conducted the business shall be known as "banking."
(7636) 1907 c 111 s 1; 1909 c 103 s 1; 1983 c 289 s 114 subd 1; 1984 c 655 art 1 s 92; 1995 c 171 s 7
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.