Minn. Stat. § 50.01
This is the official text of Minn. Stat. § 50.01, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 50.01 EXPEDIENCY ASCERTAINED.
Official statutory text
To enable the commissioner of commerce to determine the expediency of the organization of a savings bank, as in this chapter prescribed, the commissioner shall investigate and ascertain:
(1) whether greater convenience of access to a savings bank will be afforded to any considerable number of depositors by opening the proposed bank;
(2) whether the population in the vicinity of the location of the bank affords reasonable promise of adequate support therefor; and
(3) whether the responsibility, character, and general fitness of the persons named as directors in the certificate are such as to command the confidence of the community in the proposed bank.
(1) whether greater convenience of access to a savings bank will be afforded to any considerable number of depositors by opening the proposed bank;
(2) whether the population in the vicinity of the location of the bank affords reasonable promise of adequate support therefor; and
(3) whether the responsibility, character, and general fitness of the persons named as directors in the certificate are such as to command the confidence of the community in the proposed bank.
Status: in_force · Read it on the official government site
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